The Directors Registration and Licensing Law 2014 — now in force
The Directors Registration and Licensing Law 2014 is now in force following publication in the Cayman Islands Gazette of The Directors Registration and Licensing (Registration and Licensing) Regulations 2014.
The law provides that those persons acting as directors of a covered entity must register with, or obtain a licence from, the Cayman Islands Monetary Authority (CIMA). For this purpose, a ‘covered entity’ means a mutual fund regulated under the Mutual Funds Law and certain ‘excluded persons’ under the Securities Investment Business Law.
There are three classes of directors that will be regulated: (1) ‘registered directors’ who comprise natural persons appointed as directors to fewer than 20 covered entities; (2) professional directors, who comprise natural persons appointed as directors for 20 or more covered entities; and (3) corporate directors, comprising bodies corporate appointed as directors for any covered entity…
Click on the link below to read the rest of the Conyers Dill & Pearman briefing.
Sign in or Register to continue reading this article
It's quick, easy and free!
It takes just 5 minutes to register. Answer a few simple questions and once completed you’ll have instant access.Register now
Why register to The Lawyer
In-depth, expert analysis into the stories behind the headlines from our leading team of journalists.
Identify the major players and business opportunities within a particular region through our series of free, special reports.
Receive your pick of The Lawyer's daily and weekly email newsletters, tailored by practice area, region and job function.
More relevant to you
To continue providing the best analysis, insight and news across the legal market we are collecting some information about who you are, what you do and where you work to improve The Lawyer and make it more relevant to you.
News from Conyers Dill & Pearman
News from The Lawyer
Briefings from Conyers Dill & Pearman
Welcome guidance and confirmation of the principles to be applied in an appraisal action.
Island takes steps to satisfy third-country requirements