Cayman Regulatory Update – Q1 2024
05 January 2024
This Regulatory Update provides a snapshot of the key legal developments in the Cayman Islands over the last quarter – including the joint declaration for closer collaboration between the UK and the British Overseas Territories, updates in relation to public beneficial ownership registers and increases to General Registry fees for Cayman Islands entities.
See below for more details on the topics covered in this Update.
Key Cayman Updates in Q1 2024
Cayman Islands removed from the FATF grey list and UK AML list
Regulated investment funds – changes to available investment strategy selections
EU AML delisting process commenced
General Licence 2023/0003 – Legal Services issued
Joint declaration – Closer collaboration between the UK and the British Overseas Territories
General Licence 2022/0001 – Relevant Investment Fund or Fund Manager
Cayman proactively advances its beneficial ownership framework
FRA fraud alerts
Beneficial Ownership Transparency Act gazetted
UK National Crime Agency Red Alerts
Registry fee increases
Cayman Islands to implement CARF
VASP 2024 annual renewal fees
Mourant Guides and Updates
Supervisory Information Circular – Non-Face-to-Face CDD measures
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.
