All applications for licensing under the Banks and Trust Companies Act should be submitted to the Authority. Applications should follow the requirements set out in the Banks and Trust Companies (Licence Applications and Fees) Regulations. Based on these regulations the Fiduciary Division has created the following checklists to assist applicants.
Application Requirements For A Trust Licence Under The Banks And Trust Companies ActView
Application Requirements For A Restricted Trust Licence Under The Banks And Trust Companies ActView
Application Requirements For A Nominee Trust Licence Under The Banks And Trust Companies ActView
REEFS is our online, automated portal for submissions of mandatory financial returns, change requests and new licence applications.
Please click the following link to visit the REEFS portal login webpage: https://reefs.cimaconnect.com
To request your REEFS Administrator account login information, please contact the Fiduciary Services Division at, ContactFiduciary@cima.ky.
Please note that this is only a summary of legal requirements. For additional detail please refer to the Banks and Trust Companies Act.
All Licensees (Trust and Company Managers):
is carrying on or attempting to carry on business without keeping any or sufficient accounting records to allow its accounts to be property audited.
Note 1: All applications should be sent to:
Cayman Islands Monetary Authority
PO Box 10052
Grand Cayman KY1-1001
Applicants should be aware that the Authority may require additional information to determine the application.