Legal Updates

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Developments in law or practice in our jurisdictions

Cayman Islands automatic exchange of information – further update for Cayman Islands investment funds

Authors:
Publication Date:
11 May 2017

The Cayman Islands Tax Information Authority recently issued further updates on the compliance obligations of Cayman financial institutions under the Cayman Islands legislation implementing the Common Reporting Standard (CRS), US FATCA, UK CDOT and the European Union Savings Directive.

The vast majority of Cayman Islands investment funds will be classified as Cayman Reporting Financial Institutions under the Cayman Islands automatic exchange of information (AEOI) legislation and so have notification, reporting and other ongoing obligations, as we detailed in our earlier alert

This update sets out key dates and developments that have changed since then. 

At Harneys we have a dedicated team of FATCA and CRS specialists who can help advise on your compliance with these obligations. In addition, we can also provide registration, reporting and principal point of contact and change notifier services. 

Please contact your usual Harneys contact or visit www.harneys.com/Cayman if you have any questions or would like further advice on your AEOI obligations.

Download the full version of this update here.

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