Aggregated News From Investment Management Regulators

Cayman Islands

CIMA Seeks Public Input for CI Banknote Redesign

In light of the passing of Her Late Majesty Queen Elizabeth II, the Cayman Islands currency, currently in circulation, will soon be phased out and replaced with a new design featuring an effigy of His Majesty King Charles III.

Money Services Business – Requirement to be Licensed

The Cayman Islands Monetary Authority (the “Authority”) would like to remind all businesses/persons carrying out foreign currency exchange and money transmitting services of the requirements for a license pursuant to the Money Services Act (2020 Revision) (“the MSA”). The definition of “money services business” as stated in Section 2 of the Money Services Act (2020 Revision) (“the MSA”):

Interim HOD to Lead Investments Supervision Division

The Cayman Islands Monetary Authority (“CIMA”) is undertaking a search for a new Head of its Investment Supervision Division. Until a candidate is found, Mrs. Gloria Glidden will serve as interim head of the division.

CIMA Launches Online Investor Education Campaign

The Cayman Islands Monetary Authority (“CIMA”) has announced the launch of its online campaign titled “I Learned the Hard Way” which seeks to raise awareness about the importance of financial education as well as understanding the risks associated with investment opportunities.

General Licence Under Russian Sanctions Issued

On 4 October 2022, His Excellency the Governor of the Cayman Islands issued the General Licence GL/2022/0001 pursuant to Regulation 64 of the Russia (Sanctions) (EU Exit) Regulations 2019 as extended to the Cayman Islands (with modifications) by the Russia (Sanctions) (Overseas Territories) Order 2020.

CIMA Celebrates World Investor Week to Promote Financial Resilience

The Cayman Islands Monetary Authority (“CIMA”) once again joins regulators from over 100 jurisdictions to celebrate World Investor Week (“WIW”) 2022.

CIMA Reopens After All-Clear of Hurricane Ian

Following the recent all-clear issued by the Cayman Islands Government, the Cayman Islands Monetary Authority will reopen tomorrow, Tuesday, 27 September 2022 at 9:30 am. See PDF of Notice here: Source Link

CIMA Office Closure Due to Expected Hurricane Conditions

See PDF of the Notice here: Source Link

Notice – CIMA Office Closure

Following the announcement made by the Cayman Islands Government, the Cayman Islands Monetary Authority will observe the public holiday in honour of Her Late Majesty Queen Elizabeth II’s funeral and will be closed on Monday, 19 September 2022. We will resume normal business hours on Tuesday, 20 September 2022. See PDF here: Source Link

Statement on the Passing of Queen Elizabeth II

Grand Cayman, Cayman Islands (9 September 2022) The Cayman Islands Monetary Authority ("CIMA" or "the Authority") is deeply saddened by the passing of Her Majesty Queen Elizabeth II and wish to extend our deepest condolences to the Royal Family.

New Deputy Head of the Anti-Money Laundering Division Appointed

Ms. Jennifer Smith was promoted to Deputy Head of the Anti-Money Laundering Division of the Cayman Islands Monetary Authority (“CIMA”) effective 7 July 2022, having served as the division’s Chief Analyst since October 2019.

Change in Distribution Method for AML Survey Forms

See PDF of the Notice here: Source Link

Regulator Information

Abbreviation: CIMA
Jurisdiction: Cayman Islands

Recent Articles

SEC Division of Examinations Announces 2023 Priorities

Washington D.C., Feb. 7, 2023 — The Securities and Exchange Commission’s Division of Examinations today announced its 2023 examination priorities.

Prepared Remarks Before the Small Business Capital Formation Advisory Committee

Washington D.C. Feb. 7, 2023 Good morning. It is good to join the advisory committee for your first meeting of the year.

Get the latest from Regulatory.News in your inbox!

×