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Cayman Companies (Amendment) Act: Extension of the Notification Period to Submit Director and Officer Details

The Ministry of Financial Services advises that The Companies (Amendment) Act 2015 will commence on 2 November 2015.

This amendment law, which was passed in the Legislative Assembly on 12 August 2015, extends the notification period for changes to the directors and officers of a company to within 60 days of the change, it also reduces the maximum penalty to US$600 per company for a breach of that obligation, and an aggregate penalty of US$3,000 where the same breach occurs in respect of five or more companies.

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View profile for Chris HumphriesChris Humphries
Managing Director and Head of Funds

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