Cayman Captive delegation on the road to RIMS
GEORGE TOWN, Grand Cayman–(BUSINESS WIRE)–Dozens of representatives from Cayman’s captive insurance industry, including the Insurance Managers Association of Cayman (IMAC), Government officials and representatives of the Cayman Islands Monetary Authority (CIMA), and Cayman Finance will be on the road next…
Cayman Fund sector rises to regulatory challenges
Article by David Roberts Cayman Finance From Mondaq With a demonstrable commitment towards transparency, alongside new legislation, which has left the jurisdiction advantageously positioned for the implementation of global regulatory reform, recent events in the Cayman Islands have served to…
Cayman Islands: Cayman Islands Government – Ministry Of Financial Services, Commerce And Environment Update
Article by Hon. Wayne Panton, Cayman Finance From Mondaq Last Updated: 19 February 2016 In recent months, the Cayman Islands government has made amendments and introduced legislation to stimulate and improve the industry, while allowing industry to better serve its…
Increased fund governance and regulation keeps Cayman at the forefront
By James Williams From Hedgeweek With more consolidation expected in 2016 within the hedge fund administration space, those that thrive and survive will likely be ones with a strong reputation, a robust operating model that is able to support managers…
Mergers and acquisitions of CIMA regulated and licensed Cayman Islands companies
From Walkers Associate Hugh Anderson discusses the latest M&A activity involving Cayman Islands entities licensed and regulated by the Cayman Islands Monetary Authority. M&A activity in the Cayman Islands is often related to the acquisition or listing of Cayman companies…
JNMS seeks Cayman Islands Monetary Authority to re-implement CI$
JN Money Services Cayman Limited (JNMS) has revealed that it is has written to the Cayman Islands Monetary Authority (CIMA) to facilitate the company to, once again, offer transactions in Cayman Islands (CI) dollars to its customers in Cayman. Leesa…
Outsourcing by Cayman Islands Regulated Entities
By Martin Livingston From Maples The Cayman Islands Monetary Authority (“CIMA”) has issued comprehensive guidance on the outsourcing of material functions and regulatory requirements by regulated entities (the “Guidance”). This requires regulated entities that fall within the Guidance’s scope to…
De-registering a fund in the Cayman Islands
By Fiona Chandler From Offshore Funds Blog There comes a time in a registered Cayman fund’s life when it needs to de-register from the Cayman Islands Monetary Authority (CIMA). This could be early on, if the fund launches but never…
Cayman Islands: CIMA Filings For Mutual Funds
Article by Bryan Hunter and Sophie Benbow From Appleby The Cayman Islands Monetary Authority (CIMA) has published a new rule and regulatory procedure (New Rule) regarding the cancellation of a licence or certificate of registration of a Cayman Islands regulated…
Termination of Cayman Vehicles – Act quickly to avoid 2016 annual fees and audit
From Ogier CIMA has historically allowed registered funds that have operated but are now being terminated to apply for a part-year audit waiver when the initial termination filings are made. Although the waivers were discretionary, CIMA almost always granted them….
