Caribbean Regulatory Update – Q3 2024
11 July 2024
This Regulatory Update provides a snapshot of the key legal developments in the BVI and the Cayman Islands over the last quarter – including, for the BVI, FSC filing deadline reminders and details of the public consultation on reforms to BVI company law, and, for the Cayman Islands, CRS reporting reminders, amendments to AML legislation and recently issued regulatory measures from CIMA.
See below for more details on the topics covered in this Update.
Key BVI Updates in Q3 2024
FSC filing deadlines for regulated entities
Industry Circular - 2024 Terrorist Financing Risk Assessment Survey
FSC Statistical Bulletin Q1 2024
Shipping and Maritime Authority Act, 2023
BVIFARS Portal not yet active
FSC Meet the Regulator Forum in Hong Kong
FATF public consultation on NRA Guidance update
Industry Circular - New AML related articles published
Consultation on reforms to BVI company law
Inaugural BVI Mourant Regulatory Conference
FSC Newsletter: Q2 2024
Mourant Guides and Updates
Key Cayman Updates in Q3 2024
CRS reporting reminders
Industry Notice - Audit Waivers for regulated funds
Reportable and participating jurisdictions for CRS
Official Liquidators fees increased
AML Regulations amended
General license - Legal services
Proceeds of Crime Act amendments delayed
Update to economic substance notifications and returns
Regulatory Policy for VASPs
CIMA Climate Survey Circular
CIMA Rule and Statement of Guidance - Market Conduct for TCSPs and Company Managers
CIMA REEFS user experience survey
CIMA Regulatory Update
Perpetuities (Amendment) Bill
Fees increased for local companies
Mourant Guides and Updates
CIMA AML/CFT Newsletter
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.
