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ARTICLE · 28 APRIL 2021

Cayman Islands Funds And Regulatory Update: Q1 2021

Ogier
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The first quarter of 2021 saw a continuing refinement of the various laws and regulations which were enacted in the Cayman Islands during 2020 via anticipated supplements and guidance.

Cayman IslandsFinance and Banking
James Bergstrom
James Bergstrom
Tim Cone
Tim Cone
Angus Davison
Angus Davison
Bradley Kruger
Bradley Kruger
Joanne Huckle
Joanne Huckle
Nick Rogers
Nick Rogers
Justin Savage
Justin Savage
Dave Sherwin
Dave Sherwin
Giorgio Subiotto
Giorgio Subiotto
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The first quarter of 2021 saw a continuing refinement of the various laws and regulations which were enacted in the Cayman Islands during 2020 via anticipated supplements and guidance, a trend which we noted in our previous quarterly briefing. This update details these changes and includes additional information on more general regulatory matters of interest to our funds clients. This briefing also serves as a useful reference guide in respect of key upcoming deadlines. Our 'key dates' calendar (available on request) continues to be updated to reflect any revised deadlines.

Key Takeaways

2019 CRS Compliance Form deadline extended and FATCA reporting for 2019 and 2020

CRS: The reporting deadline for the 2019 CRS Compliance Form has been extended to 15 September 2021, the same date as the reporting deadline for the 2020 CRS Compliance Form. The DITC Portal is now open for any outstanding 2019 CRS returns.

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