Register Of Beneficial Ownership Information Update

In our previous update Register of Beneficial Ownership Information we reported on the introduction in the Cayman Islands of new laws and regulations¹ implementing a system of beneficial ownership registers for certain Cayman Islands companies and limited liability companies. Those new laws and regulations have now been brought into force by Order of the Cayman Islands Government with effect on and from 1 July 2017².

 We will be contacting our clients in order to advise as to the applicability of the new laws and regulations and any next steps that will need to be taken.

Footnotes

^{1 Laws - The Companies (Amendment) Law, 2017;The Limited Liability Companies (Amendment) Law, 2017. Regulations - The Beneficial Ownership (Companies) Regulations, 2017; The Beneficial Ownership (Limited Liability Companies) Regulations, 2017.}

^{2 The new Laws are brought into force effective 1 July 2017, the ancillary Regulations are deemed brought into force immediately thereafter.}

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.