Fully committed to openness and transparency
The Ministry of Financial Services is responsible for legislation and policy development pertaining to the financial services industry and engagement with international tax, transparency and regulatory initiatives.
Departments & Agencies
The Ministry has responsibility for the following departments, agencies and statutory authorities.
Department for Financial Services
The Department for Financial Services provides research, policy advice and legislative support to the Ministry on matters relating to the financial services industry and reputation of the jurisdiction. It is the key channel for consultation and interaction with the financial services industry and other key stakeholders.
The Department for International Tax Cooperation enables the jurisdiction to meet international obligations in tax cooperation matters, in accordance with international instruments and standards, through the provision of competent authority services for exchange of tax information, collaboration with domestic and foreign stakeholders and engagement with relevant supranational bodies.
The General Registry officially registers and maintains key records of corporate and vital activities and ensures compliance with relevant legislation and policies. Registration activities involve registers for companies, partnerships, trusts, friendly societies, building societies, trade unions, patents, trademarks, births, deaths, marriages and public records.
The CSX was founded in 1996 and is a leading, globally focused, specialist exchange for various sophisticated products. The CSX is fully owned by the Cayman Islands Government and is subject to supervision and regulation by the Stock Exchange Authority.
The Cayman Islands Monetary Authority is responsible for the regulation and supervision of financial services, the monitoring of compliance with money laundering regulations, the issuance of a regulatory handbook on policies and procedures and the issuance of rules and statements of principle and guidance. It also provides assistance to overseas regulatory authorities, including the execution of memoranda of understanding to assist with consolidated supervision.