Talent and Training in the Company Management Sector

Attracting and retaining skilled professionals in a small jurisdiction The company management sector in the Cayman Islands operates in a niche, high-skill environment. As such, attracting and retaining professionals with the right mix of technical capability, regulatory awareness and client-service mindset is a strategic imperative. Below we outline key facts about the local talent environment, […]

Effective Oversight of Outsourced Functions

What CIMA expects and how to document it CIMA’s Statement of Guidance: Outsourcing – Regulated Entities applies to all CIMA-regulated entities (including controlled subsidiaries), with specific exceptions for regulated mutual funds, private funds and private trust companies. It sets minimum expectations for outsourcing material functions and makes clear that the governing body and senior management […]

Cayman Islands Company Management in Context

A HIGH LEVEL Comparison with the UK, US and EU The Cayman Islands has built its corporate and regulatory framework around efficiency, predictability, and global interoperability. Although often grouped with “offshore” jurisdictions, the Cayman model is best understood as a common law, UK-influenced system adapted for cross-border business. Comparing Cayman’s company management, registry and regulatory […]

Beneficial Ownership Registers: Moving from Compliance to Control

Most company managers have spent years maintaining beneficial ownership registers (BORs), and for many the process has become routine. Yet under the new Beneficial Ownership Transparency Act, 2023, the expectations have shifted from simply “having a register” to being able to demonstrate control over its accuracy, timeliness, and audit trail. The legislation isn’t new, but […]