The Cayman Islands Monetary Authority issued an industry notice clarifying annual fee payment deadlines and when penalties will be applied following fee changes published in the Gazette on 19 December 2024. Firms must pay at least the 2024 annual fee amounts by 15 January, and penalties on any outstanding 2024 annual fee amounts will start from 16 January. Payment of the 2025 fee change, defined as the difference between the 2024 and 2025 fees, has been extended to 17 February 2025. Penalties on any outstanding fee change or increase amounts will start from 18 February 2025.
Cayman Islands Monetary Authority 2025-01-15
Cayman Islands Monetary Authority sets annual fee payment deadlines and penalty start dates for 2024 amounts and 2025 fee increases
The Cayman Islands Monetary Authority clarified annual fee payment deadlines and penalties following fee changes published in December 2024. Firms must pay the 2024 annual fee by 15 January, with penalties starting 16 January for any outstanding amounts. Payment of the 2025 fee change is extended to 17 February, with penalties commencing 18 February for any unpaid differences.