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In this update, we provide a round-up of various Cayman legal and regulatory developments that occurred since the start of 2023, together with details of a number of consultations and proposed amendments that are likely to come into force shortly.

A regulated mutual fund must file an annual return and pay an annual fee to the Registrar. The annual fee is calculated by reference to the fund's authorised share capital.

On 6 December 2013, after a period of consultation with industry practitioners, the Cayman Islands Monetary Authority – the Islands’ financial regulator – released its Statement of Guidance for Regulated Mutual Funds.

The Cayman Islands Monetary Authority ("CIMA" or the "Authority") has issued an updated Statement of Guidance on corporate governance aimed at the governing bodies of entities...

The UK Supreme Court's decision in Saxon Woods clarifies that directors cannot justify covert or disloyal conduct simply by claiming they sincerely believed they were acting in the company's best interests. This landmark ruling examines the boundaries of the duty to act in good faith, establishing that while business judgment remains protected, the means by which directors pursue their objectives must meet objective standards of loyalty and transparency.

For further information on any of the issues discussed in this publication please contact the related contact(s) on this page.

We are pleased to provide a round-up of recent Cayman Islands legal and regulatory developments.

January 1 - Common Reporting Standard (CRS) Regulations come into effect in the Cayman Islands.

In order for jurisdictions to participate effectively in global financial markets, it is imperative to meet international standards set by supra-national agencies.

In April 2023, further to a review of international standards, jurisdictional comparisons as well as regulatory and supervisory needs, the Cayman Islands Monetary Authority (CIMA) issued new regulatory measures.

Recently passed legislation has made some important revisions to the Cayman Islands beneficial ownership register regime that first came into force on 1 July 2017.

CIMA’s new AML and sanctions Rules introduce enhanced compliance requirements for Cayman Islands regulated entities, including private funds and mutual funds. This guide summarises the key obligations, compliance considerations and action items for CIMA registered funds ahead of the 18 September 2026 implementation date.

Putting a price on greenhouse gas (GHG) emissions is seen by many as the most efficient way to deal with the effects of climate change.

Recent world events have offered both individuals and businesses across the world an opportunity for introspection.

"It is the Directors’ duty to satisfy themselves that the overall structure…was consistent with Cayman Islands industry standards.." - Jones J in Weavering Macro Fixed Income Fund Limited (in Liquidation) v Stefan Peterson & Hans Ekstrom 2011

The Cayman Islands government published the Foundation Companies Bill, 2016 on 16 December 2016 (the "Bill")...

开曼群岛金融管理局（CIMA）最近刊发新《互惠基金及私募基金指引声明》（企业管治指引），当中：

Cayman boasts a variety of innovative and flexible vehicles and structures beyond the basic trust instrument, which can meet the structuring requirements of a range of entities...