The Ministry of Financial Services said it remains in close contact with the EU Commission
The Mutual Funds (Amendment) Law, 2020, has also been passed.
Cayman could become the first British Overseas Territory to be added to the EU’s so-called blacklist.
Estera, a global provider of corporate administration, funds and trust services, has appointed Sonal Patel as Managing Director, Head of Sales - Americas, Bermuda and Caribbean.
Law firm Maples and Calder has appointed Heidi de Vries as the Managing Partner of its London office. De Vries will succeed Paul Govier in December who is retiring from the firm.
The Maples Group has appointed Hugo Lodge as a partner in its regulatory & compliance legal practice.
Alternative Investment Funds based in the EU was worth €4.9 trillion in 2017, as measured by Net Asset Value (NAV), according to The European Securities and Markets Authority (ESMA) first statistical report on the sector. That is nearly one third of the total EU fund industry.
The US Commodity Futures Trading Commission (CFTC) and the Bank of England, including the Prudential Regulation Authority (BoE) and the Financial Conduct Authority (FCA) have issued a statement regarding derivatives trading and clearing activities between the United Kingdom (UK) and United States (US) after the UK’s withdrawal from the European Union (EU).
Some 52 per cent of senior decision-makers in financial services organisations in the US and Europe update or replace in-house solutions because they become technologically outdated, according to a new report by Asset Control.
Space exploration is reaching a new phase of development and exploration which will see increasing cooperation and partnerships between both countries and governments and the private sector, Beth Healey, extreme expedition medic and research scientist, told delegates at the annual Cayman Alternative Investment Summit (CAIS), being held in Grand Cayman this week.