Parliament to Hear How Companies Amendment Bill will Enhance Financial Services

Parliament to Hear How Companies Amendment Bill will Enhance Financial Services

The Companies (Amendment) Bill, 2024 was gazetted today in line with the normal 28-day public notice period. The Bill enhances Cayman’s product offerings by introducing the following innovative commercial enhancements: a new procedure for reducing share capital...
Amendment Bills to Strengthen CIMA’s AML Enforcement, Information Sharing Passed in Parliament

Amendment Bills to Strengthen CIMA’s AML Enforcement, Information Sharing Passed in Parliament

The Bills, presented by the Minister for Financial Services and Commerce, the Hon. André Ebanks, were: Monetary Authority (Amendment) Bill, 2023; Companies Management (Amendment) Bill, 2023; Directors Registration and Licensing (Amendment) Bill, 2023; Insurance...
Amendments Proposed to Strengthen CIMA’s AML Enforcement, Information Sharing

Amendments Proposed to Strengthen CIMA’s AML Enforcement, Information Sharing

The Bills are: Monetary Authority (Amendment) Bill, 2023; Companies Management (Amendment) Bill, 2023; Directors Registration and Licensing (Amendment) Bill, 2023; Insurance (Amendment) Bill, 2023; Money Services (Amendment) Bill, 2023; Securities Investment Business...
Accountants and LLC Amendment Bills Passed in Parliament

Accountants and LLC Amendment Bills Passed in Parliament

The Accountants (Amendment) Bill, 2022 and the Limited Liability Companies (Amendment) Bill, 2022 were presented by the Minister for Financial Services and Commerce, the Hon. André Ebanks, with supporting remarks from the Parliamentary Secretary for Financial...
Amendment Intended to Attract Investment and Benefit Clients

Amendment Intended to Attract Investment and Benefit Clients

By giving institutional investors more investment options, the Insurance (Amendment) Bill, 2022 is intended to strengthen the Cayman Islands’ position in international reinsurance and domestic insurance.   Minister of Financial Services and Commerce, the...