The Ministry of Financial Services, Commerce and Environment
(FSCE) had four bills – one regarding the registration and
licensing of directors, and three relating to the aviation sector
– passed after debate in the Legislative Assembly this
month.
The Directors (Registration and Licensing) (Amendment) Bill
2015, which is a minor change to existing legislation, adds an
additional overseas regulatory body to the list of foreign
authorities in the Schedule to the Directors Registration and
Licensing Law, 2014 as well as clarifies the section regarding
appeals to the Grand Court.
The International Interests in Mobile Equipment (Cape Town
Convention) Bill 2015; The Civil Aviation Authority (Amendment)
Bill 2015; and The Bill of Sale (Amendment) Bill 2015 are intended
to increase the international prestige of Cayman's aviation
sector and attract additional aircraft finance business to
Cayman.
