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

Call Us On

+1 (345) 949-7089

Business Hours

Mon - Fri: 8.30 AM - 5.00 PM

What is the Regulatory Handbook

The Monetary Authority's Regulatory Handbook is issued under section 48 of the Monetary Authority Law. It sets out the policies and procedures to be followed by the Monetary Authority, its committees, and officers in performing the Authority's regulatory and co-operative functions. The handbook provides a practical guide to the operations of the Monetary Authority and reflects transparency and accountability in the way the Monetary Authority regulates and makes decisions.

The handbook details the structure and responsibilities of the Board of Directors and the Management Committee, the relationships that the Monetary Authority has with external bodies, and specific information on matters such as the supervisory approach, supervisory returns, and anti-money laundering procedures.

Definition of Policy and Procedure

The following definitions have been adopted for the creation of new measures:

Regulatory Policy ("RPy")

A set of principles, a criteria, or approach to guide decisions and actions taken by the Authority in performing its regulatory and co-operative functions.

Regulatory Procedure ("RPr") 

A set of actions, activities or tasks that the Authority will carry out in performing its regulatory and co-operative functions.

Current Regulatory Handbook

Regulatory Handbook - August 2017View

Regulatory Handbook Appendices - February 2017View

Related Documents

The following Regulatory Policies and Regulatory Procedures and deemed to form part of the Regulatory Handbook:

Regulatory Policy - Recognised Overseas Regulatory AuthoritiesView

Regulatory Policy - Criteria for Approving Changes in Ownership and ControlView

Regulatory Procedure- Cancellation of mutual funds - March 2015View

Enforcement Manual June 2006View

Procedure - Complaints Against the AuthorityView

Procedure - Assessing Controller CostsView

Template - Assessing Controller CostsView

Publication of Enforcement Actions taken by the AuthorityView

Procedure Mutual Funds and Mutual Fund Administrators Where Contact is LostView

Procedure Issuing Notices of Decisions to Declined ApplicantsView

Regulatory Procedure – Approval and Notification of Changes-Class B, C and D Insurers and Portfolio Insurance CompaniesView

Regulatory Policy - Recognition and Approval of Actuaries under the Insurance Law (2004 Revision)View

Regulatory Policy - Approval of Trusts pursuant to Section 7(1) Insurance LawView

Regulatory Policy - Exemption from Audit Requirement for a Regulated Mutual FundView

Regulatory Policy - Licensing BanksView

Regulatory Policy - Licensing and Approving Money Services BusinessView

Regulatory Policy - Approved Stock ExchangesView

Regulatory Handbook - August 2017View

Regulatory Procedure - Assessing Fitness and ProprietyView
Updates and Availability

Given the dynamic nature of the financial services industry and the constant changes facing the Monetary Authority the handbook is subject to on-going review and revision. All revisions are gazetted and posted on the website. Hard copies of the handbook are available upon request from the Monetary Authority for a nominal fee.