Cayman Islands Securities & Banking Country Update

The Cayman Islands is recognised as a major international financial and banking centre. The Cayman Islands tax neutrality, respected reputation and modern legal structure have all helped to make the jurisdiction the world's leading domicile for offshore investment funds, the second largest captive insurance centre and a world leader in structured finance. It is recognised internationally for its efforts to adhere to international regulatory standards and is a leader in the Caribbean region in the fight against money laundering. The jurisdiction has in place a regulatory regime which surpasses many of the world's top international financial centres.

Cayman's corporate and regulatory regime is based largely on English common law. Consequently, its legal principles are similar to corresponding concepts in the United States and in Canada.