April 11, 2021

Cayman Islands: ‘CRS 101’ seminar aims to help firms prepare

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As local financial services firms look to finalise their preparations for the OECD’s Common Reporting Standards (CRS), a seminar aims to help them to be ready for the country’s latest financial services initiative. Local consulting firm FTS is organizing a seminar on April 11th entitled ‘CRS 101’ which will feature speakers on topics such as […]

Cayman Islands adopts amended CRS regulations

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By Matt Taber From Harneys The Cayman Islands’ commitment to international transparency standards has been reinforced by its adoption of amended Common Reporting Standards regulations in December 2016 to ensure effective implementation of the OECD’s Common Reporting Standards in the Cayman Islands. Why have the Common Reporting Standards regulations been amended? The Tax Information Authority […]

Cayman Islands Automatic Exchange of Information Update – April 2016

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By Tim Clipstone, Christopher Capewell, Tim Dawson, Tim Frawley, Patrick Head, Martin Livingston, Alasdair Robertson, Tahir Jawed, Andrew Quinn, Richard Grasby, Harjit Kaur, Michael Gagie From Maples Unless otherwise stated, capitalised terms used herein shall have the meaning given to them in prior updates.  Guidance Notes on the Common Reporting Standard Issued  The Cayman Islands Department […]

Additional OECD CRS self-certifications required

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Additional OECD CRS self-certifications required from investors subscribing to Cayman Islands (and other non-U.S.) investment funds on or after January 1, 2016 December 17, 2015 From Schulte Roth & Zabel The Cayman Islands (along with the United Kingdom, Ireland, Jersey, Guernsey, the British Virgin Islands and over 70 other countries) has committed to implementing the […]

Cayman Islands and the CRS

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From Walkers What Financial Institutions need to know 9 December 2015 Introduction to the CRS On 29 October 2014, the Cayman Islands was among 50 other jurisdictions which signed a Multilateral Competent Authority Agreement on Automatic Exchange of Financial Account Information (the “MCAA”) demonstrating its commitment to implement the “CRS” or Common Reporting Standard, an […]

Cayman Islands AEOI Portal to close On 28th August 2015

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From Solomon Harris The Cayman Islands Department for International Tax Cooperation (‘DITC’) has updated information on its Automatic Exchange of Information Portal (the ‘Portal’) and advised Portal users via email that the Portal will close after 5pm Cayman Islands time on 28th August 2015 (the ‘Deadline’). Why is it closing? Notifications and 2014 USA Foreign […]