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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
Trusts 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 – Unrestricted, Restricted and Nominee Trust Companies     RPy   UNR
RES
NOM
Fitness and Propriety     RPy RPr PQ
Consolidated Supervision     RPy    
Approval of an auditor     RPy    
Issuing notices of decisions to declined applicants       RPr  
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 – Unrestricted Trust Companies   SOG      
Internal Controls R SOG      
Business Continuity Management   SOG      
       
           
PRUDENTIAL STANDARDS           
Professional Indemnity Insurance – Trust Companies   SOG      
           
REPORTING           
Prudential Reports and Statistical Returns     RPy Current Reporting Schedule  
           
           
ANTI MONEY LAUNDERING AND COMBATING THE FINANCING OF TERRORISM (AML/CFT)    SOG     NCA