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CIMA Statement on Caledonian Entities

Archived News Releases
Date: Mon, 09 February 2015

GRAND CAYMAN (Monday, 9 February 2015) The Cayman Islands Monetary Authority (CIMA) is aware of an investigation and filing by the United States Securities Exchange Commission (SEC) regarding two entities headquartered in the Cayman Islands – Caledonian Bank Ltd. and Caledonian Securities Ltd. These entities are regulated by CIMA. 

As part of our ongoing regulatory role, CIMA has been working with Caledonian to address matters of concern, some of which are outlined in the SEC filings. For the past 18 months, the Authority has also been engaged with the SEC on a regulator-to-regulator basis.

In light of this development, the Authority will take whatever action available to us, in the best interests of depositors and investors in the Caledonian entities.

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