CIMA regulates the following businesses and persons operating in and from the Cayman Islands, as is required by the regulatory laws governing each sector:
- Banking and related services: banks and development banks, money services businesses (including money transmission services, cheque cashing services, currency exchange, and the issuance, sale or redemption of money orders or traveller's cheques), building societies and cooperative societies such as credit unions
- Fiduciary services: trust companies, trust services providers; corporate service providers / company managers
- Insurance services: insurance companies, insurance managers, agents, sub-agents, brokers and principal representatives
- Investment funds and fund administrators: Note: some funds are exempt from regulation. These are set out in the Mutual Funds Law
- Securities investment businesses including broker-dealers, market-makers, securities arrangers, securities advisors and securities managers
- Persons to serve as directors, officers and managers of licensed entities
- Auditors of regulated entities
Requirement to Obtain CIMA's Authorisation
If you wish to operate any of the businesses or in any of the capacities listed above, you must obtain the appropriate authorisation from CIMA before beginning operations.
The requirements and procedures for becoming licensed or registered to operate in each sector and the ongoing requirements after authorisation are explained in the sector-specific webpages.