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An update on certain measures of particular relevance to the financial services industry adopted by the Cayman Islands Government in response to COVID-19.

The Cayman Islands is a leading global financial centre and has developed a reputation as one of the world's most innovative and business-friendly places to operate.

We have experienced a rapid growth in Security Token Offerings ("STOs") over the course of the last year and we have now advised on the launch of several dozen STOs.

Seven amendment Bills, proposed to strengthen CIMA's powers to apply proportionate and dissuasive sanctions to all types of legal persons within its supervision, were published on 27 March in The Cayman Islands Gazette.

Deputy Premier and Minister for Financial Services and Commerce, the Hon. André Ebanks, will present the Companies (Amendment) Bill, 2024 to enhance financial services at the next meeting of Parliament on 26 February.

After much anticipation in the market, we are delighted to report that the Limited Liability Companies Bill 2015 has been Gazetted in the Cayman Islands today and is expected to become law very early next year.

The Department of Commerce and Investment reminds all tobacco dealers that according to the Tobacco Law, their annual applications for registration renewals must be submitted by 5pm on Tuesday, 1 November 2016.

Failure to comply may result in administrative penalties being applied, Mr Rajkumarsingh said.

Liquor Licensing Board Chairman Mitchell Welds has confirmed that liquor license holders will get a one-hour extension beyond regular closing times on New Year's Eve and on New Year's Day.

Applications will no longer be accepted either by mail, or by persons dropping them off at the counter and leaving immediately thereafter, because of the volume of incomplete applications that were received in this manner.

On the occasion of the International Day for Women in Maritime 2026, I am honoured, on behalf of the Government and people of the Cayman Islands, to extend heartfelt appreciation and recognition to the remarkable women who have shaped, strengthened and advanced our maritime community

The Non-Profit Organisation Law is in effect as of Tuesday, 1 August, and Government is informing businesses that operate as charities of their obligation to register as non-profit organisations.

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.

The LLC Bill is expected to be enacted into law during the first half of 2016. Hence the LLC vehicle is not available yet.

On 15 March, 2013, the Cayman Islands government announced its intention to sign an agreement with the United States authorities to adopt a Model 1 Intergovernmental Agreement (IGA) in response to the US Foreign Account Tax Compliance Act.

The use of Cayman Islands-incorporated entities in M&A structures by private equity fund sponsors is now well established.

Our country has always been connected to the sea. World Maritime Day 2026 falls on Thursday, 24 September. That connection remains fundamental to our economy, our communities and our way of life. The maritime sector enables the movement of food, fuel and essential goods, supports international trade and tourism, provides employment and business opportunities, and contributes to the resilience and security of our Islands.