Bolstered by transparency, and a robust regulatory
framework, the Cayman Islands continues to be a leading
jurisdiction in the financial services world. As the principal
regulator, the Cayman Islands Monetary Authority ("CIMA"
or "the Authority") is committed to developing and
maintaining a regulatory structure which emphasises adherence to
international standards through contemporary legislation, rules,
procedures, guidance and other legal mechanisms in order to stay
abreast with the ever evolving dynamic nature of the global
financial industry.
INDUSTRY UPDATE
Overall, the industry remains highly competitive in several
areas, as of 30 September 2017:
Boasting 10,630 funds, the Cayman Islands maintains its position
as the top domicile for hedge funds, compared to 10,831 on 30
September 2016. The number of new fund registrations with the
Authority continues to experience the effects of global trends
whereby lack of start-up capital and post-crisis
