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After having signed a tax information exchange agreement (TIEA) with the Netherlands on July 8, the Cayman Islands have brought the number of TIEAs signed by the Cayman Islands to 11, one short of the OECD's requirement of 12 required to be recognized as being compliant with international requirements.
According to Cayman press reports, the Cayman Islands will sign the all important twelfth bi-lateral Tax Information Exchange Agreement in Washington Thursday, 13 August with the New Zealand government. Leader of Government Business McKeeva Bush said the government continues in its commitment to complete agreements in order to remove Cayman from the OECD's grey list. He added that discussions continue with Australia, Canada, France, German, Italy, Mexico, and Portugal. No online source.
IOSCO membership for CIMA could boost Cayman fund presence in India
From Hedgefundsreview.com: Cayman Islands domiciled investment funds historically have faced challenges when seeking to invest into Indian capital markets. One of the major hurdles in this regard has been addressed by the admission of the Cayman Islands Monetary Authority (CIMA) as full (or ordinary) member of the International Organization of Securities Commissions (IOSCO).
The IOSCO objectives and principles of securities regulation were endorsed by its member regulators in 1998 and generally are viewed by securities regulators as the key international benchmark on sound principles and practices fo...................... To view our full article Click here
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