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Published 20th February 2015, 4:7pm

On 30 December 2014 the Ministry of Financial Services published its Consultation Report on the Maintenance of Legal and Beneficial Ownership Information. The next step in this process is today’s publication of submissions received during the consultation.

In the consultation report, submissions were recorded into one of four categories: Individuals, Foreign Non-governmental Organisations (NGOs), Local NGOs, or Local Companies and Foreign Companies. Submissions from the latter three categories will be published in their entirety. In the case of individuals, a list of names will be published along with, if the individual has given his or her consent, the full content of the submission. This is in accordance with our consultation process, and is in line with the approach adopted by the UK.

Responses to the consultation were counted and categorised according to the letterhead under which they were submitted. For example, a response submitted under one letterhead, but signed by representatives of different organisations, was counted as one response.

Since the report’s publication, minor inaccuracies were identified that resulted in the reclassification of two responses. Because they are minor, these reclassifications do not alter the response analysis, Government’s response, or Government’s conclusions and next steps.

  • One response was reclassified from a ‘Company’ to an ‘Individual’.
  • One response was reclassified from a ‘Local Company’ to a ‘Foreign Company’.

The charts titled ‘Responses Received’ and ‘Breakdown of Responses by Entity Type’ have been amended in the report to reflect the above reclassifications.

List of Foreign/Local Companies and Foreign/Local NGOs submissions

  1. Overseas Asset Management ◊
  2. Cayman Finance
  3. Insurance Managers Association of the Cayman Islands
  4. Cayman Islands Directors Association
  5. Regulatory Fundamentals Group LLC
  6. Mortgage Investments
  7. Advantage International Management
  8. Thorp Alberga
  9. Christian Aid
  10. Global Witness
  11. Transparency International
  12. Managed Funds Association
  13. Society of Estate and Trust Practitioners
  14. Offshore Incorporations (Cayman) Limited ◊
  15. Intertrust
  16. Walkers
  17. Cayman Islands Bankers Association
  18. Greenlight Capital Re, Ltd.
  19. Small Engineering
  20. Cayman Management Limited
  21. Cayman Islands Compliance Association
  22. Chamber of Commerce
  23. Harneys
  24. Cayman Islands Society of Professional Accountants
  25. Cayman Islands Company Managers Association
  26. Alternative Investment Management Association
  27. Cayman Islands Fund Administrators Association
  28. IFC Forum
  29. CSI International Underwriting (Cayman) Ltd.
  30. Capital Atlantic Insurance Company Inc
  31. Cayman Islands Law Society
  32. First International Insurance Company Ltd.
  33. Campbells ◊
  34. Royal Bank of Canada Trust Company (Cayman) Limited ◊
  35. Dart Management Services Ltd.
  36. dms
  37. List of Individual Submissions

  38. Greg Vasic *
  39. UK Parliamentarians and Lords, and Non-governmental Organisations *˄
  40. Pietro Fornara *
  41. Lord Blencathra *
  42. Mitzi Scott-Canigon
  43. Jarrod Coe
  44. Jonas Dwyer

Notes:

◊ Companies that have declined full publication of their submissions.

* Individuals who have consented to full publication of their submissions.

˄ This consultation response was submitted under one letterhead; and signed by representatives of different organisations, both governmental and non-governmental. As it would be misplaced in either the Foreign NGO or Local NGO categories, it was placed in the ‘Individuals’ category.

Download all Beneficial Ownership Responses files
 

For more information, please contact the Financial Services Secretariat at (345) 945-5819 or via email at financepr@gov.ky.