Cayman Islands: Compliance

The Cayman Islands government has announced its intention to pursue Qualified Jurisdiction status under the US National Association of Insurance Commissioners framework, a move that could fundamentally reshape the jurisdiction's position in the global reinsurance market. This development carries significant regulatory, reputational, and commercial implications for Cayman's growing offshore reinsurance sector and its relationship with US insurance markets. The application process represents years of legislat

The Cayman Islands Monetary Authority has introduced new enforceable AML and Sanctions Rules that consolidate key obligations from 245 pages of guidance into streamlined regulations. These rules, effective September 2026, introduce expanded requirements for compliance programmes, independent audits, and governance frameworks that CIMA-regulated financial service providers must implement.

The Cayman Islands Monetary Authority has released its 2026 Thematic Review examining compliance practices at Class B(iii) and Class D licensed reinsurers, revealing that corporate governance weaknesses represent 68% of all findings.

Two key developments in Cayman Islands business licensing took effect on 28 April 2026: the introduction of multi-year Trade and Business Licences for Caymanian-owned businesses and revised...

The Cayman Islands introduced significant regulatory changes in Q1 2026, including increased annual fees for regulated entities, extended deadlines for Common Reporting Standard compliance, and a new statutory framework for tokenised fund structures.

This edition of Conyers Coverage examines critical regulatory developments affecting Cayman Islands insurers, including the Legal Services Act's implications for insurance managers and in-house counsel, CIMA inspection trends, and evolving AML and beneficial ownership requirements. The newsletter also explores the growing market for funding agreements and analyzes key conditions precedent in financing transactions involving Cayman reinsurers, while highlighting findings from the Society of Actuaries report

While the fundraising environment continued to be challenging throughout 2024, private equity capitalised on the recovery of the financial markets following the prolonged...

Conyers Trust Company (Cayman) Limited offers a full suite of directorship, administration, regulatory compliance and liquidation services to a diverse portfolio of global financial institutions...

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