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Cayman Islands Monetary Authority
PO Box 10052, 80 Shedden Road
Elizabethan Square,
Grand Cayman KY1 - 1001
CAYMAN ISLANDS

Call Us On

+1 (345) 949-7089

Business Hours

Mon - Fri: 8.30 AM - 5.00 PM
Banking Services Regulatory Measures

Section 34 of the Monetary Authority Law enables the Authority to issue or amend Rules, Statements of Guidance and Statements of Principle. In addition, Section 48 provides for the issuance of a Regulatory Handbook to contain the policies and procedures of the Authority in carrying out its regulatory and co-operative functions.

The Authority has published an index of measures that contains links to the Rules, Statements of Guidance, Statements of Principle, Regulatory Policies, Regulatory Procedures and Forms that pertain to each industry regulated by the Authority. 

Rule (R) Statement of Guidance (SOG)
Regulatory Policy (RPY) Regulatory Procedure (RPR)
Form (F) Personal Questionnaire (PQ)
LEGISLATION  click for link
  R

SOG

RPY RPR F
LICENSING          
Licensing - Banking     RPy    
Fitness and Propriety     RPy RPr
 
PQ
Consolidated Supervision     RPy
 
   
Minimum Standards Physical Presence s6(6) BTCL   SOG
 
     
Issuing notices of decisions to declined applicants       RPr
 
 
Approval of an auditor     RPy    
Approved Stock Exchanges    

RPy

List

   
Regulatory Policy - Criteria for Approving Changes in Ownership and Control     RPY
 
   
           
BUSINESS CONDUCT          
Outsourcing – Regulated Entities   SOG
 
     
Corporate Governance   SOG
 
     
Nature, accessibility and retention of records   SOG      
Use of The Internet   SOG      
Marketing Policies of Licensees   SOG      
Responsibilities of Authorised Agents of Banks and Trust Companies   SOG      
Internal Audit   SOG
 
     
Internal Controls R SOG
 
     
Business Continuity Management   SOG      
           
PRUDENTIAL STANDARDS          
Country and Transfer Risk Management R SOG
 
     
           
Credit Risk Management R SOG
 
     
Foreign Exchange Risk Management   SOG      
Interest Rate Risk Management R SOG      
Investment Securities and Derivatives Risk Management R SOG      
Large Exposures R
 
SOG      
Liquidity Risk Management R SOG      
           
Major Acquisition and Investments     RPy    
Operational Risk Management R SOG      
           
REPORTING          
Prudential Reports and Statistical Returns     RPy Current Reporting Schedule  
          LBS Form
          DBA Survey Form - 2014
           
           
           
ANTI MONEY LAUNDERING AND COMBATING THE FINANCING OF TERRORISM (AML/CFT)   SOG     NCA