The Cayman Islands Monetary Authority has published a consultation paper setting out various corporate governance proposals, including (belatedly many will argue) the introduction of greater disclosure in respect of regulated entities (what is described as 'high level information' will be required): see here. It is also proposed to subject to greater regulation those individuals acting as directors of six or more Cayman Islands registered entities. A very brief overview of the proposals is available in the letter accompanying the consultation paper (here, pdf). Unfortunately a copy of the consultation paper is not currently available on Authority's website (a link is provided on the Authority's website but at the time of this posting it was incorrectly linked to another document).
Update (19 January 2013): the links are now working. A copy of the consultation paper is available here (pdf).
Friday, 18 January 2013
Cayman Islands: Monetary Authority corporate governance consultation
The Cayman Islands Monetary Authority has published a consultation paper setting out various corporate governance proposals, including (belatedly many will argue) the introduction of greater disclosure in respect of regulated entities (what is described as 'high level information' will be required): see here. It is also proposed to subject to greater regulation those individuals acting as directors of six or more Cayman Islands registered entities. A very brief overview of the proposals is available in the letter accompanying the consultation paper (here, pdf). Unfortunately a copy of the consultation paper is not currently available on Authority's website (a link is provided on the Authority's website but at the time of this posting it was incorrectly linked to another document).
Update (19 January 2013): the links are now working. A copy of the consultation paper is available here (pdf).
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