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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

Corporate 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.

Below is an index of measures that contains a checklist for RulesStatements of GuidanceRegulatory PoliciesRegulatory Procedures and Forms that pertain to the Corporate Services sector. 


Rules

A clear and precise directive issued to licensees on a subject matter that the Authority considers essential for the prudential supervision of regulated entities and which creates binding obligations on all licensees and for which a breach may lead to the imposition of a fine or regulatory action being taken against the licensee by the Authority pursuant to the exercise of its powers under the regulatory laws.

Statement of Guidance ("SOG") 

Guidance intended to assist licensees to comply with relevant laws, regulations, rules and statements of principles or to describe standards for conduct of business. Guidance contains recommendations on how licensees should operate and represent a measure against which the Authority will assess compliance by licensees.

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.

LEGISLATION  click for link
  Rule SOG Policy Procedure Form
LICENSING          
Licensing –Company Managers/Corporate Services Providers     View  

View

Fitness and Propriety     View View View
Consolidated Supervision     View    
Approval of an auditor     View    
Issuing notices of decisions to declined applicants       View  
Approved Stock Exchanges    

View

   
List of Approved Stock Exchanges      View    
Regulatory Policy - Criteria for Approving Changes in Ownership and Control     View    
Use of Restricted Words     View    
           
BUSINESS CONDUCT           
Outsourcing – Regulated Entities   View      
Corporate Governance   View      
Nature, accessibility and retention of records   View      
Use of The Internet   View      
Marketing Policies of Licensees   View      
Internal Controls View View      
Business Continuity Management   View      
Professional Indemnity Insurance   View      
Regulatory Policy – Net Worth and Liquidity – Trust and Corporate Service Providers      View    
           
REPORTING           
Prudential Reports and Statistical Returns     View View  
           
Anti-Money Laundering and Combating the Financing of Terrorism (AML/CFT)    View     View