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A Reporting Cayman Islands Financial Institution (Reporting FI) for which 2015 is the first reporting period under US FATCA is required to provide a notification in respect of US FATCA on or before 10 June 2016.

In previous updates we have alerted clients to the introduction of Cayman Islands regulations1, which give effect to the automatic exchange of tax information principles established by the US and UK intergovernmental agreements.

Choosing what to do next at 16+ can feel overwhelming. Careers in business, finance, entrepreneurship and law are often talked about but rarely seen up close.

MiFID II is an important and key regulatory game changer for the investment fund and capital market industry;

Regulation (EU) 2016/1011 (the "Benchmark Regulation") will apply from 1 January 2018 introducing a new regime governing the use of certain indices considered to be benchmarks.

In February 2020 the EU included the Cayman Islands on its Annex 1 list of non-cooperative jurisdictions for tax purposes; the so-called "black list".

As noted in the press, both S&P Global Ratings and Refinitiv predict that the number of global Sukuk issuances will be higher in 2021 as compared with...

The Cayman Islands Financial Services Industry continues to provide tremendous value as the main economic driver of the Cayman Islands economy.

The Cayman Islands is recognised as a premier international financial centre and the banking sector is a vital support mechanism for financial services.

The proposed amendments to the Mutual Funds Law (2020 Revision) have now been passed into law.

On 17 August 2022, the Cayman Islands Monetary Authority ("CIMA") published a set of new regulatory measures in connection with the de-registration of mutual funds and private funds...

The Ministry's usual engagement with local and international stakeholders is ongoing, and progress continues to be made to address the international obligations as required.

A summary of recent legislative and industry news from the Cayman Islands.

General Registry and the Ministry of Financial Services have met with local banks to address concerns surrounding banking requirements for charitable organisations, specifically in relation to the opening of bank accounts by non-profit organisations.

As part of her ongoing commitment to building community and developing future talent, Megan Wright, Partner and Head of Corporate at Cayman Islands...

It has been two years since the Cayman Islands Monetary Authority (CIMA) introduced its Rule on Corporate Governance for Regulated Entities (the "Corporate Governance Rule"), and a year and a half since it came into force.

Under the Cayman Islands Directors Registration and Licensing Act (the “Act”), anyone named a director of certain entities (called “covered entities” in the Act) must register with the Cayman Islands Monetary Authority (“CIMA”). Such directors should understand and be familiar with the rules of registration as part of their role.