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The Cayman Islands Monetary Authority ("CIMA") will shortly publish statistics for calendar year 2005 confirming another record year for the hedge funds industry in the Cayman Islands. New hedge fund registrations in a single year have reached an all time high of 1,700.

The Chief Justice of the Cayman Islands has delivered an important judgment on the application of the Proceeds of Criminal Conduct Law (PCCL), which reflects the balance that the Law itself seeks to strike between the objective of securing assets to meet any confiscation order upon conviction and ensuring that the proprietary rights of third parties are not prejudiced.

This article summarises the methods of establishing investment funds in the Cayman Islands and highlights the principal legal and regulatory considerations. It is not intended to deal exhaustively with all aspects of the subject and proper legal advice should be obtained before proceeding with the establishment of a particular fund.

The segregated portfolio company (SPC) continues to be a much used vehicle in the Cayman Islands insurance industry.

Over the past few years, the introduction of the Sarbanes-Oxley Act together with a greater focus on risk management has generated an increase in demand from service providers in obtaining third party assurance over the design and operating effectiveness of their internal controls.

General information on the Cayman Islands.

On January 2, 1997 The Cayman Islands Stock Exchange (CSX) became part of the vast network of financial services offered by the Cayman Islands.

Darwin believed that evolution takes place over long periods of time and the development of the Cayman Islands mutual fund industry may be further proof of his theory.

On 22 December 2011, the Cayman Islands introduced legislation to widen the range of master funds that are required to register with the Cayman Islands Monetary Authority ("CIMA").

The Cayman Islands have for decades been one of the world's leading banking and financial centres, currently ranking as the fifth largest banking centre worldwide.

Mark Matthews provides an overview of the banking, financial services and regulatory environment in the Cayman Islands for the Global Banking & Financial Policy Review 2014/2015, published by Euromoney Institutional Investor.

February 1, 2006 was the deadline date for hedge funds to register with the U.S. Securities and Exchange Commission (SEC) in compliance with SEC Rule 203 (b)(3)-2 ("New Rule 203").

The "harmful tax competition" campaign of the Organisation for Economic Cooperation and Development (OECD) is stalled. Many low-tax jurisdictions did send so-called commitment letters to the Paris-based bureaucracy earlier this decade after being threatened with financial protectionism, but almost all the persecuted financial centres insisted that the letters would be binding only if the "onshore" nations also agreed to abide by the same misguided rules – the "level playing field" requirement.

Securitisation is an essential part of the post financial melt-down environment, and it is an essential component for the re-establishment of lending in the global economy.

Heading a successful organisation in today’s globalised world presents challenges which are significantly different to those which existed in the not to distant past.

The Securities and Exchange Commission (the "Commission") recently published the text of the new Rule 203(b)(3)-2 (the "New Rule 203") and amendments to existing rules, adopted on October 26, 2004, which will require advisers to certain private investment pools, such as hedge funds, to register with the Commission under the Investment Advisers Act of 1940 (the "Advisers Act") by February 1, 2006.

Ian Huskisson from Travers Thorp Alberga in the Cayman Islands discusses the recent demise of the Caledonian offshore banking group as a result of "incredible government overreach" by the Securities and Exchange Commission.