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ARTICLE · 25 JUNE 2026

CIMA Enforcement Action In Focus: Reminders And Recommendations

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The Cayman Islands Monetary Authority has issued multiple Decision Notices cancelling registrations of entities and individuals under the Securities Investment Business Act, marking a significant escalation in regulatory enforcement. These actions stem from persistent non-compliance with fundamental obligations including failure to file annual declarations, non-payment of fees, and lapses in anti-money laundering officer appointments. The enforcement wave serves as a stark reminder that CIMA's oversight ext

Cayman IslandsFinance and Banking
Simon Raftopoulos
Simon Raftopoulos
Martin Byers
Martin Byers
Maree Martin
Maree Martin
Menelik Miller
Menelik Miller
Miriam Smyth
Miriam Smyth
Appolina Winton
Appolina Winton
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The Cayman Islands Monetary Authority (CIMA) has recently published a number of Enforcement Notices that provide helpful context for regulated entities, including Licensees and Registered Persons under the Securities Investment Business Act (Revised) (SIBA), seeking to understand and meet their ongoing regulatory obligations in the Cayman Islands.

In early June 2026, CIMA exercised its enforcement powers under SIBA Section 17 to cancel the registrations of several SIBA Registered Persons on the basis that it had reasonable grounds to believe that such Registered Persons had failed to meet certain key regulatory obligations.

The Appleby Team takes this opportunity to review the relevant findings and CIMA enforcement action; and to highlight certain key obligations that attach to regulated entities in the Cayman Islands.

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