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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

Securities 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 Securities 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           

Regulatory Policy and Illustrative List - Recognized Overseas Regulatory Authorities

   

View

   
List of Recognized Overseas Regulatory Authorities         View
Licensing – Securities Investment Business         

View

Approval of an auditor     View    
Fitness and Propriety     View View View
Consolidated Supervision     View    
Cessation and Non-Commencement of Business   View      

Issuing notices of decisions to declined applicants

      View  

Approved Stock Exchanges

   

View

   

Regulatory Policy - Criteria for Approving Changes in Ownership and Control

    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      

Client Understanding, Suitability, Dealing and Disclosure

  View      

Classification of Clients

  View      

Client Assets, Money and Safekeeping

  View      

Market Conduct

  View      

Business Continuity Management

  View      

Professional Indemnity Insurance    

  View      
           
PRUDENTIAL STANDARDS            

Reorganisation of Structure and Variation of Capital

  View      
           
REPORTING           

Prudential Reports and Statistical Returns

    View   View
Coordinated Portfolio Investment Survey         View
           
Anti-Money Laundering and Combating the Financing of Terrorism (AML/CFT)    View     View