Simon Thomas

News

• Caribbean Regulatory Update – Q1 2026

  The Q1 Regulatory Update provides an overview of the main legal developments in the Cayman Islands and the British Virgin Islands from 1 January 2026 to 31 March 2026.

• Caribbean Regulatory Update – Q4 2025

  The Q4 Regulatory Update provides an overview of the main legal developments in the Cayman Islands and the British Virgin Islands from 1 October to 31 December 2025.

• Campbells advises R2 on strategic investment from Ant Group

  Campbells is pleased to have advised R2, a Latin American embedded-lending FinTech, on its strategic investment from Ant Group, a global digital payments and FinTech platform.

• Caribbean Regulatory Update – Q3 2025

  The Q3 Regulatory Update provides an overview of the main legal developments in the Cayman Islands and the British Virgin Islands from 1 July to 30 September 2025.

• Caribbean Regulatory Update – Q2 2025

  The Q2 Regulatory Update provides an overview of the main legal developments in the Cayman Islands and the British Virgin Islands from 1 April to 30 June 2025.

• Caribbean Regulatory Update – Q4 2024

  The Q4 Regulatory Update provides an overview of the main legal developments in the Cayman Islands and the British Virgin Islands from 1 October to 31 December 2024.

• Caribbean Regulatory Update – Q3 2024

  The Q3 Regulatory Update provides an overview of the main legal developments in the Cayman Islands and the British Virgin Islands from 1 July to 30 September 2024.

• Caribbean Regulatory Update – Q2 2024

  This Update provides an overview of the main legal developments in the Cayman Islands and the British Virgin Islands from 1 April to 30 June 2024.

• Cayman and BVI Regulatory Update – Q1 2024

  This Update provides an overview of the main legal developments in the Cayman Islands and the British Virgin Islands from 1 January to 31 March 2024.

• Cayman and BVI Regulatory Update – Q4 2023

  This Update provides an overview of the main legal developments in the Cayman Islands and the British Virgin Islands from 1 October to 31 December 2023.

• Cayman and BVI Regulatory Update – Q3 2023

  This quarter's Update provides an overview of the main legal developments in the Cayman Islands and the British Virgin Islands from 1 July to 30 September 2023.

• Campbells Cayman and BVI Regulatory Update – Q2 2023

  This quarter's Update provides an overview of the main legal developments in the Cayman Islands and the British Virgin Islands from 1 April to 30 June 2023.

• Campbells Regulatory Update – Q1 2023

  This quarter's Update provides an overview of the main legal developments in the Cayman Islands and the British Virgin Islands from 1 January to 31 March 2023.

• Campbells Regulatory Update – Q4 2022

  This quarter's Update provides an overview of the main legal developments in the Cayman Islands and the British Virgin Islands from 1 October to 31 December 2022. 

• Campbells Regulatory Update – Q3 2022

  This update provides an overview of the main legal developments in the Cayman Islands and the British Virgin Islands over the last quarter.

Articles

• Campbells authors Cayman Islands chapter in 2025 Chambers Venture Capital

  This article provides a comprehensive overview of the venture capital market and its legal and regulatory framework in the Cayman Islands.

• Who Wants to Know? Information rights of limited partners and shareholders in the Cayman Islands

  Following a recent decision of the Cayman Islands courts on the information rights which limited partners have against the general partner of a fund, Paul Kennedy and Simon Thomas consider the case and the very different position of corporate fund shareholders under Cayman Islands law.

Client Advisories

• Cayman Islands introduces new regulatory framework for Tokenised Funds

  The Cayman Islands has approved targeted amendments to the Mutual Funds Act, Private Funds Act and the Virtual Asset (Service Providers) Act to create a clear regulatory framework for investment funds that use blockchain-based tokenisation to represent investor interests.

• Cayman Investment Funds — CARF and Amended CRS Go Live 1 January 2026

  The Cayman Islands has implemented the Organisation for Economic Co-operation and Development’s Crypto-Asset Reporting Framework and made complementary changes to the Common Reporting Standard, which will each come into effect from 1 January 2026.

• Changes to the Cayman Islands beneficial ownership regime

  The Beneficial Ownership Transparency Act, 2023 and the Beneficial Ownership Transparency Regulations, 2024 were brought into force on 31 July 2024, with enforcement relating to the new requirements under the Act commencing on 1 January 2025.

• Amendments to the Cayman Islands Companies Act

  The purposes of the Amendment Act is to make innovative commercial enhancements to the Companies Act; however, it has been gazetted, but is not yet in force.

• Removal of the Cayman Islands from EU and UK AML Lists

  Effective early February, the Cayman Islands will be removed from the Financial Action Task Force's Grey List of jurisdictions.

• Cayman Islands removed from FATF “grey list”

  On 27 October 2023, the Financial Action Task Force announced at its plenary in Paris that the Cayman Islands would be removed from its anti-money laundering “grey list” as the FATF has determined that the Cayman Islands AML regime now meets the international standard.

• The Beneficial Ownership Transparency Bill, 2023

  On 30 August 2023 the Beneficial Ownership Transparency Bill, 2023 was gazetted. The Bill has been the subject of extensive consultation with industry stakeholders, members of the public, government partners, and international entities, particularly to ensure that the existing beneficial ownership regime in the Cayman Islands is aligned with current international standards.

• Updated Rules and Statement of Guidance on Corporate Governance for Mutual Funds and Private Funds

  In April 2023, the Cayman Islands Monetary Authority issued a new Statement of Guidance on Corporate Governance for Mutual Funds and Private Funds and Rule on Corporate Governance for Regulated Entities.  The Rule and SOG will replace the existing corporate governance regulatory measures.

• New deregistration rules for Cayman Islands regulated funds

  CIMA has recently issued an updated rule and regulatory procedure in respect of the cancellation of licenses or certificates of registration for regulated mutual funds and registered private funds respectively.

• Cayman Islands and BVI Economic Substance requirements extended to Partnerships

  In line with ongoing commitments given by the Cayman Islands, regulations came into force in the Cayman Islands on 30 June 2021, expanding the categories of entities that are now in scope for the purposes of the Economic Substance regime to all types of partnerships (including general partnerships, exempted limited partnerships and foreign limited partnerships).