Update to VASP Application Form

The Cayman Islands Monetary Authority (the “Authority”) is notifying stakeholders of changes to the Virtual Asset Service Providers (VASPs) application form on the REEFS portal. Effective 14 July 2025, the current VASP application form, APP 101-84-05, has been amended to further streamline the application process for registration, licensing and waivers by incorporating additional questions and clarifying document requirements for all applicants.  

These updates have been implemented to ensure enhanced alignment with the Virtual Asset Service Provider Act (2024 Revision) and the Virtual Asset (Service Providers) Regulations (2020) as amended, improve the completeness of submissions, and facilitate a more efficient application process. Applicants are required to carefully read the questions and follow the instructions provided in the Completion Guide.

Important Transition Information:

1. All new VASP applications that are to be submitted on or after 14 July 2025 must be completed using the updated APP 101-84-05 form via the REEFS portal.

2. Applications that are in progress as of 14 July 2025 can still be completed and submitted.

Should you require any assistance regarding the new form or the VASP application process, please refer to the Completion Guide.

For further information or queries, please contact VASPinfo@cima.ky.