The fees payable in respect of a securities investment business licence vary depending on the category of service provided. A list of these fees can be found under the Second Schedule of the Securities Investment Business (Licence and Fees) Regulations (2003).
Excluded Persons Fee
Persons excluded from the requirement to be licensed, pursuant to section 5(4) of the Securities Investment Business Law (2011 Revision), must pay an annual fee. The fee is payable by 31 January each year and is set at CI$5,000 pursuant to the Securities Investment Business Law (2011 Revision).
Click here for the current Fee Schedule for securities investment business entities and all other CIMA-regulated entities.
Note: All fees quoted are in Cayman Islands Dollars (CI$). The conversion rate to be used for payment in United States Dollars (US$) is 0.82 (US$1.00 = CI$ 0.82).
Payment may be made by cheques and drafts drawn on local commercial banks, wire transfers, or International Money Orders (IMOs)/drafts and cheques drawn on US banks. (There is a 15-day processing period for all payments drawn on US Banks).
Cheques should be made payable to the Cayman Islands Government and remitted to:
The Cayman Islands Monetary Authority
PO Box 10052
80e Shedden Road
Grand Cayman KY1-1001