Cayman Islands: Update On The Securities Investment Business Act

The Securities Investment Business Act (as amended, the “SIBA”), which is supervised by the Cayman Islands Monetary Authority (“CIMA”), provides for the regulation of entities carrying on “securities investment business”. Typical examples of persons carrying on securities investment business include investment managers, investment advisors, arrangers of deals and broker-dealers.

This advisory provides a round-up of recent developments in relation to the SIBA, including administrative fines, ongoing compliance obligations, single family offices and virtual assets.

 

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