The Cayman Islands Monetary Authority (“the Authority”) wishes to inform you of the upcoming launch of its One-Time Non-Compliant Directors Amnesty Scheme (“the Scheme”) which will run from 16 September to 15 October 2025. As you may be aware, the relevant announcements regarding the Scheme have already been made on the Authority’s website as well as on the Directors’ Portal. The Authority hereby requests your assistance in widely disseminating this information among your members and affiliated directors to ensure broader awareness and participation.

The Scheme is open to registered directors within the 1–19 covered entities category under the Directors Registration & Licensing Act, 2014 who have outstanding annual fees for more than two years as of 31 August 2025. Eligible directors will benefit from pre-approved discounts on fees and penalties, determined by the length of non-compliance.

Applications under the Scheme will only be accepted through the Directors’ Gateway Portal and it is advised that eligible directors log in to the portal to review and confirm their status in preparation for the launch of the Scheme effective 16 September 2025. While participation is voluntary, it is highly encouraged for that directors seeking to return to good regulatory standing take advantage of this 30-day window. Directors who have met the eligibility criteria have already been contacted directly with detailed participation instructions and can contact the Investments Supervision Division at .

The Scheme holds critical significance for both the funds and their administrators. The registered directors who continue to remain non-compliant may be subject to enforcement action upon completion of the Amnesty window and this may potentially undermine corporate governance standards and compromise the oversight of the affected funds.

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