Cayman drops 'excluded persons' regime

Pedro Gonçalves
Cayman drops 'excluded persons' regime

Cayman is introducing a a regulatory and supervisory framework for ‘excluded persons', people exempt from requiring a license to conduct securities investment business or being overseen by the island's regulator. Lawmakers approved amendments to the Securities Investment Business Licensing Law this week following criticism from the Caribbean Financial Action Task Force (CFATF). The exempted persons regime is designed to impose a lesser regulatory burden for financial service providers w...

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