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Under the new regulations, all Financial Institutions must appoint a Principal Point of Contact located in the Cayman Islands.
Following our recent legal update, CRS Regime 2.0: Key Amendments Effective 2026-2027, significant amendments to the Common Reporting Standard ("CRS") regime were introduced through the Tax Information Authority (International Tax Compliance) (Common Reporting Standard) (Amendment) Regulations, 2025, most of which are effective 1 January 2026.
Key Amendment: Cayman Islands-Based Principal Point of Contact
Under the new regulations, all Financial Institutions ("FIs") must appoint a Principal Point of Contact ("PPOC") located in the Cayman Islands.
- Existing FIs registered before 1 January 2026 must notify the Tax Information Authority (the "TIA") of their Cayman Islands-based PPOC by 31 January 2027 via a change form.
- FIs that commenced activities in 2025 but have not registered by 1 January 2026 must register with the TIA and notify the Cayman Islands-based PPOC by 30 April 2026.
- FIs commencing activities in 2026 must register with the TIA and notify the Cayman Islands-based PPOC by 1 January 2027.
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.
