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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...

As midyear approaches, Asian managers must prepare not only for a strong close to the calendar year, but for various regulatory uncertainties that may impact their operations.

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...

Maree Martin discusses the general trend towards the increased usage of independent directors, confirming that fund boards are not only becoming comprised of majority independent directors...

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.

In April 2023, the Cayman Islands Monetary Authority ("CIMA") issued a new Statement of Guidance on Corporate Governance for Mutual Funds and Private Funds ("SOG") and Rule...

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.

Cayman financial services providers, including entities carrying on securities investment business are required to comply with the Proceeds of Crime Law (2018 Revision), the Anti-Money Laundering Regulations (2018 Revision) ...

The Cayman Islands Monetary Authority ("CIMA") has released updated Guidance Notes on the Prevention and Detection of Money Laundering and Terrorist Financing in the Cayman Islands (the "Guidance Notes").

Crown Counsel Enhance Their Awareness of FATF Standards.

The Cayman Islands Government, with support from Cayman Finance, has developed online learning modules relating to anti-money laundering, countering terrorist financing, and countering proliferation financing (AML/CTF/CPF).