Securities Investment Business (Registration and Deregistration) (Amendment) Regulations, 2024

Summary

This regulation amends the Securities Investment Business (Registration and Deregistration) Regulations, 2019 by replacing the fee provision (regulation 9) with a new fee structure for persons registered under the Securities Investment Business Act.

• Registration fee: An applicant for registration as a registered person under the Securities Investment Business Act must pay a registration fee of six thousand dollars (CI$6,000) to the Cayman Islands Monetary Authority.
• Annual fee: A registered person must pay an annual fee of six thousand dollars (CI$6,000) to the Authority.
• Commencement: The amendment takes effect immediately after the Securities Investment Business (Amendment and Validation) Act, 2024 comes into force, rather than on a fixed calendar date.

The amendment does not alter registration or deregistration procedures themselves, only the fees payable for registration and ongoing annual maintenance as a registered person.

Key obligations

• Applicants for registration as a registered person under the Securities Investment Business Act must pay a registration fee of CI$6,000 to CIMA.
• Registered persons must pay an annual fee of CI$6,000 to CIMA.

Applies to

registered persons under the Securities Investment Business Act, applicants for registration as a registered person

Deadlines

• immediately after the Securities Investment Business (Amendment and Validation) Act, 2024 comes into force: Commencement date of these Regulations, tied to the coming into force of the Securities Investment Business (Amendment and Validation) Act, 2024.

Related documents

• This document amends Securities Investment Business (Registration and Deregistration) Regulations (2026 Revision)
• This document is made under Securities Investment Business Law (2020 Revision)