Cayman Regulatory Update – Q1 2025
16 January 2025
This Regulatory Update provides a snapshot of the key legal developments in the Cayman Islands over the last quarter, including changes to the beneficial ownership regime, amendments to the virtual asset service providers legislation and updates to Cayman Islands General Registry and Monetary Authority fees.
For additional information or for any questions, please reach out to your usual Mourant contact or one of the key contacts on this page.
See below for more details on the topics covered in this Update.
Key Cayman Updates in Q1 2025
Annual Registry fees increased
Beneficial ownership – legitimate interest access and access restriction
CIMA fee increases for regulated funds
Further beneficial ownership amendments proposed
CIMA fee increases for securities investment business
Economic substance amendments to align with beneficial ownership changes
CIMA Industry Notice - 2024 and 2025 annual fee deadlines and penalties
DITC Updates Bulletin
Additional increases to Registry fees
CIMA Rule and Statement of Guidance – Market Conduct for Trust and Corporate Services Providers and Company Managers
Additional CIMA licence fee increases
Supervisory Circular - Complaints handling and Regulatory Expectations
Monetary Authority Act amendments
Supervisory Circular - Crisis management framework
FRA Advisory – Defence Against Money Laundering / Consent Regime
CIMA Regulatory Update
Virtual Asset (Service Providers) (Amendment) Act
Mourant Guides and Updates
CIMA regulatory measures for VASPs
For additional information or for any questions, please reach out to your usual Mourant contact or one of the key contacts provided on this page.
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About Mourant
Mourant is a law firm-led, professional services business with over 60 years' experience in the financial services sector. We advise on the laws of the British Virgin Islands, the Cayman Islands, Guernsey, Jersey and Luxembourg and provide specialist entity management, governance, regulatory and consulting services.
