Beneficial Ownership Update

The Beneficial Ownership Transparency (Access Restriction) Regulations, 2024 (the "Access Restriction Regulations") commenced on 28 February 2025 and will supplement the Beneficial Ownership regime in the Cayman Islands. The Access Regulations establish a framework for beneficial owners and senior managing officials of in-scope Cayman Islands entities to apply to the Cayman Islands Registrar (the "Registrar") to protect their information from being disclosed under the Beneficial Ownership Transparency (Legitimate Interest Access) Regulations, 2024 (the "Legitimate Interest Access Regulations").

Applications to Restrict Disclosure

An individual may apply for access to be restricted under the Access Restriction Regulations. However, these Regulations set a very high threshold, limited to situations where there would be a serious risk of kidnapping, extortion, violence, intimidation or any similar danger or serious harm.