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ARTICLE · 04 JANUARY 2023

Appleby Cayman Islands Regulatory Update – Q4 2022

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Appleby is a leading offshore law firm. The team of legal specialists advise global public and...

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The regulatory environment continues to remain active and this update from Appleby's Cayman office takes a closer look at the significant developments in the past quarter

BermudaFinance and Banking
Sheila Crosby
Sheila Crosby
Menelik Miller
Menelik Miller
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INTRODUCTION

The regulatory environment continues to remain active and this update from Appleby's Cayman office takes a closer look at the significant developments in the past quarter, including the new regulatory procedures from the Cayman Islands Monetary Authority (CIMA), the EU's “new” position1 on public access to beneficial ownership registers and developments regarding the imposition of sanctions. We hope you will find its contents useful.

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LIMITED LIABILITY COMPANIES ACT

The Cayman Islands Limited Liability Companies Act was amended on 19 October 2022 by the Limited Liability Companies (Amendment) Act, 2022 (LLC Amendment Act) which came into operation on that date.

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