Andrew Howarth

Aug 7, 2024 | mondaq.com | Lucy Frew |Nicholas Quin |Andrew Howarth |Sara Hall

Changes to the beneficial ownership regime took effect on 31 July 2024 and enforcement relating to the new requirements is suspended until early 2025. Many entities that previously had few or no obligations will have to take steps to comply. Industry members are to suspend filing under the previous framework until notified to recommence filing under the new framework. What is the beneficial ownership regime? What is changing? Which entities are in scope?

Jul 26, 2024 | mondaq.com | Lucy Frew |Andrew Howarth |Dilmun Leach |Ian Mason

KEY TAKEAWAYS: Regulators must develop systems that work with the decentralised nature of blockchain and digital assets, while focusing on consumer protection and accountability at the same time. Increased international cooperation is a must for making effective regulatory frameworks that can handle the borderless operations of blockchain enterprises. Tokenisation is set to be a key feature of the next decade of decentralisation.

Mar 14, 2024 | lexology.com | Lucy Frew |Andrew Howarth |Ian Mason |Colm Dawson |Benjamin Twidle |Louise Denman | +5 more

IntroductionThe Cayman Islands Monetary Authority ("CIMA") recently issued an updated Regulatory Policy on Consolidated Supervision (the "Policy"). The Policy expands on an earlier version published in 2009 and provides updated guidance on CIMA's approach to group supervision. What is consolidated supervision and who does it apply to?

Oct 16, 2023 | mondaq.com | Lucy Frew |Nicholas Quin |Andrew Howarth |Ian Mason

On 30 August 2023, following industry consultation, the Cayman Islands Monetary Authority ("CIMA") issued a new Rule and Statement of Guidance on Nature, Accessibility and Retention of Records for Licensees Conducting the Business of Company Management (the "Company Manager Rules and Guidance"), which establishes minimum requirements, and provides guidance, on the maintenance of records in a manner that promotes accessibility, retention and appropriate security.