Trusts Reporting Requirements

Audited Financial Statements

Holders of Trust Licenses are currently required to have their accounts audited annually by an auditor approved by CIMA and submit a copy of the audited accounts to CIMA within three months of the trust company's financial year-end. 

Click on the following link to view the current Reporting Schedule for Prudential and Statistical Returns for all CIMA-regulated entities: Current Reporting Schedule.

Bi-annual Report

Holders of Trust Licenses are required to complete a Bi-annual Report and submit it to the Fiduciary Services Division through the REEFS portal. Please click the following link to visit the REEFS portal login webpage: https://reefs.cimaconnect.com/

Dormant Accounts 

The Dormant Accounts Law, its Regulations and subsequent amendments (collectively referred to as the 'Law'), requires certain financial institutions ('account providers') to transfer monies that are in dormant accounts in their institutions to the Government after seven years of account inactivity. The following link provides further information:

Dormant Accounts: Information for Account Providers