Category: Regulatory Services
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CIMA One‑Time Amnesty for Non‑Compliant Directors
The Cayman Islands Monetary Authority (CIMA) has announced a one‑time amnesty scheme for directors who have failed to comply with registration or licensing obligations under the Directors Registration and Licensing Act (Revised)(DRLL). The amnesty, running from 16 September to 15 October 2025, provides an opportunity for non‑compliant directors to regularise their status without facing the usual penalties, provided…
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CIMA Director Registration Renewals and Cancellations – Key Steps and Deadlines
As the year-end approaches, directors of Cayman Islands “covered entities” should be mindful of their obligations under the Directors Registration and Licensing Act (Revised) (DRLA) to ensure compliance and avoid unnecessary fees. A “covered entity” generally includes mutual funds and managers regulated under the Securities Investment Business Act (SIBA). Directors of such entities must be registered with the Cayman…
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British Virgin Islands Beneficial Ownership Regime Update: Registration Amendments, Legitimate Interest Access and Transparency Safeguards
Background The British Virgin Islands (BVI) has introduced significant updates to its beneficial ownership regime through amendments to the BVI Business Companies and Limited Partnerships (Beneficial Ownership) Regulations 2024 (the Regulations), which came into effect on 2 January 2025. These changes reflect the jurisdiction’s ongoing commitment to international standards on corporate transparency, anti-money laundering (AML),…
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Bermuda’s Corporate Income Tax Regulations Now in Force
Following on from the Bermuda’s Corporate Income Tax Act 2023, the Government of Bermuda has now issued the Corporate Income Tax (Administrative) Regulations 2025 (the CIT Regulations), which took effect on 2 June 2025. These CIT Regulations provide the operational framework for the 15% corporate income tax regime introduced under the Corporate Income Tax Act 2023…
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Voluntary Termination of a Cayman Islands Company
Under the Cayman Islands Companies Act (Revised), there are two principal routes to voluntarily terminate a company’s existence: Each process has distinct procedural requirements, timelines and implications. Voluntary Liquidation Voluntary liquidation is generally the suggested where a company has been conducting business on a regular basis or has assets, liabilities and / or creditors. For…
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Regulatory Update: SFC Expands Remote Onboarding Jurisdictions — What It Means for Your Fund
The Hong Kong Securities and Futures Commission (SFC) has expanded its list of eligible jurisdictions for remote onboarding of overseas individual clients. This update is a welcome development for both Hong Kong-based intermediaries and offshore funds—including those domiciled in the Cayman Islands—who engage with global investors and service providers across borders. What’s new: Why it matters [to Marbury clients] Whether…
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FATCA & CRS – Reporting Obligations and Key Considerations
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FATCA and CRS reporting deadlines are fast approaching for Cayman Islands entities. Our latest article outlines who must report, what information is required, and key 2025 deadlines. Learn how to stay compliant and avoid enforcement action from the DITC. Read the full guide to ensure your filings are accurate and on time.
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Upcoming Cayman Islands Fund Annual Return filing due 30 June 2025 for entities with a FYE of 31 Dec
A reminder that all regulated funds (including mutual, hedge and private funds) registered with the Cayman Islands Monetary Authority (CIMA) and with a financial year ending 31 December, must file their fund annual returns (FAR) and audited financial statements (AFS) for the 2024 financial year on or before 30 June 2025. For funds seeking an…
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The BVI Approved Manager Regime: A Cost-Effective Solution for Emerging Fund Managers
In an era of increasing regulatory complexity and escalating compliance costs, fund managers seeking a jurisdiction that offers flexibility without compromising credibility may find the British Virgin Islands (BVI) Approved Manager regime to be an ideal solution. Recognised by the BVI Financial Services Commission (FSC), this light-touch framework provides emerging managers with an efficient and…
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BVI Approved Manager MLRO Requirements
In order to ensure compliance with the BVI’s anti-money laundering regime, Approved Managers are required to appoint a money laundering reporting officer (MLRO) and implement appropriate policies and procedures for adoption on an ongoing basis.