The Cayman Islands Monetary Authority has advised industry stakeholders that Cabinet-approved legislative amendments will introduce targeted fee adjustments across several regulated sectors from 1 January 2026, alongside clarified payment and penalty arrangements for annual fees. For mutual funds and private funds, the amendments introduce a consolidated annual fee, replacing the current approach of paying an annual fee at the start of the financial year and a separate annual return fee later in the year. In insurance, annual fees for Class B(i), (ii) and (iii) insurers will increase by 10 percent. In banking, a tiered annual fee structure will apply based on total assets under management, with incremental increases to be phased in over 2026 to 2028. Affected entities must remit at least the 2025 fee amounts by the statutory deadline of 15 January 2026. No penalties will be assessed until after 15 February 2026, with penalties applying from 16 February 2026 to any outstanding annual fee amounts.
Cayman Islands Monetary Authority 2025-12-31
Cayman Islands Monetary Authority sets out fee changes effective 1 January 2026 including consolidated fund fees, 10 percent higher Class B insurer fees and tiered bank fees
The Cayman Islands Monetary Authority announced Cabinet-approved legislative amendments introducing fee adjustments across regulated sectors effective 1 January 2026. Mutual and private funds will see a consolidated annual fee, while insurance fees for Class B(i), (ii), and (iii) insurers will rise by 10%. Banking fees will adopt a tiered structure based on assets under management, with phased increases from 2026 to 2028.