News
A New Paradigm in Governance
New Rules and Statements of Guidance for Regulated Entities
As CIMA's Rules and Statements of Guidance on Governance and Internal Controls come into force, Laura McGeever, Director at Paradigm Governance Partners, considers some of the key takeaways for operators of regulated Cayman entities. CIMA's Rules and Statements of...
New burdens and uncertainty for managers
New SEC private funds rules will create new burdens and uncertainty for managers, writes George Mazin an independent US based consultant at Paradigm Governance Partners On August 23, 2023, the US Securities and Exchange Commission (SEC), adopted new rules (the Final...
Key deadlines for funds and other updates
A number of key deadlines and regulatory updates have hit milestones in the second quarter. Here is a snapshot of the most pertinent. As always, seek professional advice or contact us. AEOI updates Automatic Exchange of Information (AEOI) agreements have been updated...
The need for vigilance: the governance of Securities Investment Business entities
Entities captured under the Securities Investment Business Act are coming under more regulatory scrutiny than ever – a trend likely to further increase in tandem with the pace of change. This means it has never been more important to undertake due diligence on...
Governance specialist further boosts our team
Here at Paradigm Governance Partners, we are delighted to announce the appointment of senior industry executive David Gold as a governance specialist focusing on directorships and independent boards. For over 20 years, Gold, through his experience and thought...
Key deadlines for funds that cannot be missed
A number of key deadlines are coming up that should not be missed, specifically relating to the Foreign Account Tax Compliance Act (FATCA) and Common Reporting Standards (CRS). For any fund launched after April 30, 2022, the deadline to file a FATCA/CRS registration...
CIMA highlights cyber, internal audits, seeks feedback
The Cayman Islands Monetary Authority (CIMA) is in the process of digesting feedback from the private sector on proposed amendments to guidance notes relating to the prevention and detection of money laundering, which would have implications for the digital...
Online data breach reporting form launched
The Cayman Islands Ombudsman introduced a new online form in December last year that can be used to report personal data breaches. All personal data breaches must be reported under the s. 16(1) of Data Protection Act (As Revised) by the relevant data controllers. They...
Accountants (Amendment) Act comes into force
The Accountants (Amendment) Act, 2022, and three related regulations came into effect on February 1, 2023. The Accountants (Amendment) Act is supported by The Accountants (Application for Membership) (Amendment) Regulations, 2023, and The Accountants (Disciplinary)...
Welcoming our newest Cayman-based independent director
Here at Paradigm Governance Partners, we are delighted to announce that we have expanded our team in the Cayman Islands with the addition of an experienced Cayman-based independent director. Neil Gray will be available to serve as a professional independent director...