On March 4th 2004 the Board of the UK Inland Revenue granted the Cayman Islands Stock Exchange (CSX) status as a "recognised stock exchange" under Section 841 of the Income and Corporation Taxes Act 1988.

The Cayman Islands have become the leading offshore jurisdiction for the establishment of mutual funds and private funds.

The Cayman Special Economic Zone (SEZ) recently created the Cayman Aviation Services Park to sit alongside the existing Cayman Maritime Services Park established in 2015

The LCCL provides that no company shall carry on business in the Cayman Islands unless it is at least 60% controlled by Caymanians or it is licensed under the LCCL and the TBBL.

The Cayman Islands is one of the most utilised international finance centres (IFC) in the Asian finance industry.

Special purpose vehicles (SPVs) are commonly employed as a structuring tool in many cross-border and structured finance transactions, and repackaging transactions are no exception.

New legislation establishing a beneficial ownership regime in the Cayman Islands commenced on 1 July 2017. The new legislation requires certain companies incorporated or registered in the Cayman Islands to maintain a register of information about their beneficial owners to be held at its registered office in the Cayman Islands maintained by a licensed corporate services provider.

Special purpose vehicles (SPVs) are commonly employed as a structuring tool in many cross-border and structured finance transactions, and collateralised loan obligation (CLO) transactions are no exception.

The Cayman Islands Stock Exchange ("CSX") was founded in 1996. The CSX has listed more than 4,000 securities and maintains a market capitalisation of more than US$190 billion.

The Cayman Islands Stock Exchange ("CSX") was founded in 1996. The CSX has listed more than 4,000 securities and maintains a market capitalisation of more than US$190 billion.