21 November 2013  (George Town, Grand Cayman) Anyone interested in finding out more about some of the multilateral initiatives proposed and confirmed with regard to international tax — such as FATCA, multilateral automatic exchange of information, and central registries of beneficial ownership, among others — should attend this special seminar hosted by Cayman Finance.  Scheduled to take place on Thursday 23rd January 2014 at the Westin Grand Cayman Resort, this one-day event will cover such initiatives with particular focus as to how they may affect Cayman’s financial services industry.

Cayman Finance CEO, Gonzalo Jalles, explains:  “FATCA, among other new regulations, will have an impact on a great many facets of our financial services industry and is expected to be followed by many others that are likely to change the shape of our industry.  Cayman Finance believed it was important to bring together experts and leaders working in the field of taxation and to put together a seminar to provide answers to many of the questions industry professionals may have as new policies are implemented beginning as early as next year.”

With 14 local and international speakers on the agenda, the day will begin with a broad overview of onshore international tax initiatives.  Former Cayman Islands Monetary Authority Chairman Timothy Ridley and Ernst & Young Global Director, International Tax, James J. Tobin will be looking at the 15 points action plan created by the OECD and the implications for Cayman’s financial sector.

Duncan Nicol of the Tax Information Authority will offer perspective on the move towards the automatic exchange of information as the new international standard; and FATCA will then be dissected as it relates to its implementation, the registration process, and impact on specific industry sectors.  Attendees will be given a walk through the IRS online portal and will find out what the next steps will entail with regard to the intergovernmental negotiation process — key aspects that require clear understanding.

In addition to Messrs. Ridley and Tobin, speakers include:  Martin Livingston and Justin Appleyard of Maples and Calder; Duncan Nicol, Tax Information Authority; Jonathan Pressman, Markit; Christopher Larkin and Bill Bailey of Ernst & Young; Stephen Camm and Bosun Adebaki of PricewaterhouseCoopers; Andrew Morehouse of Harney Westwood & Riegels; Toni Pinkerton of MaplesFS, Denise Hintzke of Deloitte; and Steven L. Cantor, Cantor & Webb P.A.

Mr. Jalles furthers:  “We are very pleased to be able to offer such a comprehensive viewpoint for professionals.  We thank the participating speakers for their efforts in presenting these important updates and look forward to a productive day of discussion.”

The seminar, sponsored by PricewaterhouseCoopers, Ignition, and Markit, begins at 8 a.m. with registration and breakfast and concludes at 5 p.m.  Cost for the full day is CI $450 for non-Cayman Finance members and CI $350 for members.  A half day is CI $300 for non-members and CI $200 for members.

To view the complete agenda and to register online, visit the Events page at www.caymanfinance.ky.