ARTICLE · 03 JULY 2019

Cayman Securities Investment Business - Changes For Excluded Persons

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Entities registered with the Cayman Islands Monetary Authority (CIMA) as excluded persons under the Securities Investment Business Law (2019 Revision) (SIB Law)

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James Bergstrom

Nicholas Plowman

Giorgio Subiotto

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Entities registered with the Cayman Islands Monetary Authority (CIMA) as excluded persons under the Securities Investment Business Law (2019 Revision) (SIB Law), such as Cayman-incorporated investment managers and investment advisers, should note two recent regulatory changes that require action.

AML/CFT reporting forms due by 15 August 2019

Excluded persons are required to file two forms with CIMA, via their registered offices, by 15 August 2019:

(i) AML/CFT Inherent Risks – Securities - AIR-157-75

(ii) AML/CFT Risk Controls – Securities - ARC-158-75

These filings are required pursuant to recently enacted legislative changes to the Anti-Money Laundering Regulations (2018 Revision) (AML Regulations).

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