From CIMA

Cover letter dated May 25 2015 to:

President, Alternative Investment Management Association (Cayman) President, Cayman Islands Association of Insurance and Financial Advisors President, Cayman Islands Bankers Association
President, Cayman Islands Company Managers Association
President, Cayman Islands Directors Association President, Cayman Islands Financial Services Association President, Cayman Islands Fund Administrators Association President, Cayman Islands Insurance Association
President, Cayman Islands Law Society
President, Cayman Islands Society of Professional Accountants
President, CFA Society of the Cayman Islands President, Insurance Managers Association President, Compliance Association
President, Society of Trust and Estate Practitioners (Cayman Islands) Dear Sirs:

Re: Private Sector Consultation Paper on proposed amendments to the Guidance
Notes

Forwarded herewith for comments is the Authority’s Private Sector Consultation Paper (“PSCP”) proposing the following:

a. an amendment to section 3.104(d) of the Guidance Notes on the Prevention and Detection of Money Laundering and Terrorist Financing in the Cayman Islands, March 2010; and

b. an amendment to Appendix H of the Guidance Notes to add the Gibraltar Stock Exchange to the list of approved stock exchanges and markets.

The PSCP is being forwarded in order to provide the relevant Associations with the consultation document as required by the Monetary Authority Law (2013 Revision). Please refer to the PSCP for further details on the background and purpose of the amendments.

If your association has comments, please forward a consolidated response on its behalf, on or before Tuesday, June 23, 2015.

The consultation document will be posted to the Authority’s website at www.cimoney.com.ky.

We look forward to your responses. Please feel free to contact Theresa Hamil at [email protected], if you have any queries.

Sincerely,

Cindy Scotland
Managing Director
cc: Hon.Financial Secretary
Dr. Dax Basdeo, Chief Officer, Ministry of Financial Services