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Oct 8, 2024 | 
lexology.com | Róisín Liddy-Murphy |Sarah Farquhar |Wayne Flanagan
The rapid evolution of the cryptocurrency landscape has led to the development and rapid adoption of stablecoins globally. A stablecoin, as the name suggests, is essentially a virtual asset that is designed to maintain a stable value and typically tracks the value of (or is ‘pegged’ to) another asset or commodity.
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Oct 2, 2024 | 
lexology.com | Róisín Liddy-Murphy |Sarah Farquhar |Wayne Flanagan |Erik Bodden |Alex Davies |Alan Dickson | +14 more
Welcome to the third Regulatory & Risk Advisory Review instalment of 2024. In this edition we cover the latest Cayman Islands regulatory updates including the Beneficial Ownership Transparency Act and The Perpetuities (Amendment) Act, as well as updates from CIMA, the DITC, and the FATF. As always, we have included articles and news from the wider Conyers team that may be of interest.
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Sep 20, 2024 | 
lexology.com | Róisín Liddy-Murphy |Sarah Farquhar |Wayne Flanagan
As the global financial landscape continues to evolve, the rapid growth of virtual assets and use of blockchain technology has prompted governments worldwide to reassess their legal and regulatory frameworks. The emergence of cryptocurrencies and blockchain technologies has opened up near boundless opportunities for innovation but has also brought with it significant risks, particularly those relating to money laundering, fraud, and consumer protection (among others).
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Jul 9, 2024 | 
lexology.com | Róisín Liddy-Murphy |Sarah Farquhar |Wayne Flanagan |Erik Bodden |Alex Davies |Alan Dickson | +15 more
Welcome to the second instalment of 2024 of the Regulatory & Risk Advisory Review. In this edition we cover several Cayman Islands regulatory updates including updates to the Beneficial Ownership Transparency Act, the Proceeds of Crime (Amendment) Act and the Virtual Asset Service Providers Act. We also have updates from CIMA and the FATF, as well as the latest articles and news from the wider Conyers team.
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May 15, 2024 | 
lexology.com | Róisín Liddy-Murphy |Sarah Farquhar |Wayne Flanagan
The Financial Services Institute in collaboration with Conyers, Grant Thornton and Cayman Finance hosted its fourth comprehensive training seminar on “Preparing for an Onsite Inspection from the Cayman Islands Monetary Authority (CIMA)” on 2 May 2024 at the Kimpton Seafire Resort & Spa. This event marked a record attendance drawing over 135 industry professionals. CIMA shared some valuable insights into its approach to market oversight and key findings from the 2023 inspection cycle.
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Apr 23, 2024 | 
lexology.com | Derek Stenson |Róisín Liddy-Murphy |Philippa Gilkes |Sarah Farquhar |Frank B. Farrell |Wayne Flanagan
The first dedicated reinsurance conference in the Cayman Islands was by every conceivable metric an incredible success. Hosted by CIRCA, close to 450 reinsurance professionals gathered at [Re]Connect to network and hear directly from the Government, regulator, service providers and other stakeholders on Cayman’s growing reinsurance industry.
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Jan 18, 2024 | 
lexology.com | Róisín Liddy-Murphy |Sarah Farquhar |Erik Bodden |Alex Davies |Alan Dickson |Theo Lefkos | +11 more
1. UPCOMING FEE INCREASES EFFECTIVE 1 JANUARY 2024 The Ministry of Financial Services & Commerce has announced increases to company annual fees and various filing fees effective from 1 January 2024. The increased fees were gazetted on 30 November 2023 through various regulations applicable to exempted limited partnerships, limited liability partnerships, exempted companies, non-resident companies, foreign companies, limited liability companies and segregated portfolio company cells. 2.
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Dec 20, 2023 | 
lexology.com | Róisín Liddy-Murphy |Sarah Farquhar
1.Rule on Corporate Governance for Regulated Entities – Effective Date 14 October 2023The Rule on Corporate Governance has introduced notable revisions to the application of the Rule to insurers to include the mandatory requirement for an audit committee to be appointed and policies to be adopted on conflicts of interest and codes of conduct, in addition to related procedures including resignation, termination and disqualification procedures for Directors and Senior Management.
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Aug 4, 2023 | 
jdsupra.com | Sarah Farquhar |Róisín Liddy-Murphy
We are pleased to welcome you to Conyers' Cayman Islands Regulatory & Risk Advisory Review, keeping you apprised of the latest regulatory news and developments.
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Jun 1, 2023 | 
mondaq.com | Róisín Liddy-Murphy |Sarah Farquhar |Erik Bodden |Robert Lindley
We are pleased to welcome you to Conyers' Cayman Islands
Regulatory & Risk Advisory Review, keeping you apprised of the
latest regulatory news and developments.
