Economic Substance Compliance: Staying Ahead of Cayman Regulatory Changes

Description

This webinar will provide an overview of economic substance requirements in the Cayman Islands, outlining which entities are in scope and what compliance entails. It will cover the core criteria for meeting the substance test, available exemptions, and practical steps to ensure compliance. Attendees will also gain clarity on filing obligations with the DITC and how to respond effectively to a compliance or penalty notice issued by the authority.

This webinar provides one-hour of CPD and offers insights and updates from a leading industry-expert speaker. 

Delegates places are interchangeable with colleagues from the same organisation.

 

Content

  • Introduction to ES requirements in the Cayman Islands and an overview on who needs to comply?

  • Core requirements for compliance

  • Steps to be taken to satisfy the ES test requirements and exemptions that are available

  • Overview of filing obligations 

  • Handling a DITC compliance or penalty notice

 

Presenter

Róisín Liddy-Murphy

Partner, Head of Regulatory & Risk Advisory (Cayman) at Conyers
Roisin Liddy-Murphy 

Róisín Liddy-Murphy is Partner and Head of Regulatory & Risk Advisory (Cayman).

Róisín has extensive experience in representing clients on a broad range of multi- jurisdictional litigation and regulatory matters. Róisín’s clients include banks, auditors, insolvency practitioners, investment funds, administrators, local businesses, investment managers and insurance sector clients.

She specialises in regulatory advisory, investigations and disputes. She is dedicated to navigating regulatory landscapes, ensuring compliance and providing strategic advisory services to clients. She assists clients on all aspects of risk management and financial regulation advice.

Róisín’s expertise includes advising on CIMA registration and licence applications, corporate governance, anti-money laundering and counter terrorist financing compliance frameworks, suspicious activity reports, regulatory audits, CIMA inspections and remediations, sanction reporting and licencing, asset freeze requirements, production orders, data protection laws, regulatory enforcement notices, administrative fines and on mandatory information exchange requirements.

Róisín has a significant amount of experience representing clients in Court and is often instructed as counsel in investigations before the Ombudsman involving data protection breaches along with advising clients on confidentiality laws and information disclosure requests from regulators.