Cayman Islands: FinTech Comparative Guide

The sectors which CIMA regulates are banking services, insurance, trust, securities, mutual funds, cooperative and building societies, corporate services, and money services business.


UBS sells B2B fund distribution platform to Clearstream

As part of the transaction, UBS and Clearstream will enter into long-term commercial cooperation arrangements for the provision of services to UBS's Global Wealth Management and Asset Management business divisions



FINRA will also continue to focus on the challenges that the increasingly broad array of digital communications


Proposed changes to the taxation of digital services

One of the main tax challenges identified as a focus area of the BEPS project is the digital economy and how taxing rights for cross border income generating activities should be allocated to individual countries.


Faegre Baker Sued by Crypto Fund Manager

The suit against Faegre Daniels alleges the firm advised the plaintiffs that “Crypto Assets are not securities” and to thus structure the fund’s business “accordingly.” The advice was “erroneous,” the complaint sa