CIMA Rule and Statement of Guidance on Corporate Governance
Corporate governance requirements for all regulated entities, including funds and their operators.
- Issued by
- Cayman Islands Monetary Authority
- Applies in
- Cayman Islands
- Edition
- 2023
- Area
- Corporate governance & fiduciary
What an assessor reads first.
The headline requirements in Amoreg’s catalogue, in the issuer’s own numbering where it has one. They are where a review starts, not a transcription of the text.
- BRDBoard composition, meetings and minutesBoard
- RSKRisk management frameworkRisk
- COIConflicts of interestConduct
- OUTOversight of outsourced functionsThird parties
How Amoreg keeps you on it.
Enable the CIMA Rule and Statement of Guidance on Corporate Governance and add Cayman Islands Monetary Authority’s pages as a monitor of your own. Every publication it records keeps its source, stage and date.
Inspector reads your policies against these 4 requirements every week and opens a finding wherever one falls short, citing the rule and drafting the fix. A person decides what is applied.
Each week
- Read Cayman Islands Monetary Authority’s pages
- Check the library against 4 requirements
- Open findings with drafted fixes
- Wait for a person to decide
Policy does not yet set out: board composition, meetings and minutes
- Rule
- CIMA Rule and Statement of Guidance on Corporate Governance, BRD
- Area
- Board
- Proposed by
- Inspector
- Decided by
- A named person, once reviewed
The same ground, elsewhere.
- GFSC Finance Sector Code of Corporate GovernancePrinciples for the boards of all Guernsey licensees, with an annual confirmation of compliance.Guernsey · 5 controls
- GFSC Fiduciary Rules and GuidanceConduct, client asset, record keeping and resourcing rules for fiduciary licensees.Guernsey · 5 controls
- JFSC Code of Practice for Trust Company BusinessThe seven principles a registered trust company business must meet.Jersey · 7 controls
- Isle of Man Financial Services Rule Book 2016Conduct, client money, governance and reporting rules for licenceholders.Isle of Man · 5 controls
- Guernsey Beneficial Ownership RegimeResident agent duties to identify and register beneficial owners of Guernsey legal persons.Guernsey · 3 controls
- AI Governance for US Broker-Dealers & AdvisersSupervision, disclosure, risk management and consumer-protection expectations for generative AI and AI agents used by broker-dealers and investment advisers.United States · 8 controls
Also in Cayman Islands
- Cayman Islands Anti-Money Laundering RegulationsThe AMLRs under the Proceeds of Crime Act, read with CIMA's Guidance Notes — departure from the Guidance Notes without justification is treated as non-compliance.Cayman Islands · 8 controls
- Cayman Islands Data Protection ActEight data protection principles modelled on the UK Data Protection Act 1998, in force since 2019.Cayman Islands · 6 controls
- Cayman Islands Mutual Funds Act & Private Funds ActRegistration, audit, valuation, safekeeping and cash-monitoring requirements for Cayman funds.Cayman Islands · 5 controls
- Economic Substance (Crown Dependencies & Overseas Territories)Substance requirements for relevant activities under the EU Code of Conduct Group commitments.Crown Dependencies & Overseas Territories · 4 controls
Questions
Does Amoreg watch for changes to the CIMA Rule and Statement of Guidance on Corporate Governance?
Enable it and add the issuer’s pages as a monitor of your own. Every publication the Monitor records keeps its source, stage and date.
Can Amoreg check our policies against the CIMA Rule and Statement of Guidance on Corporate Governance?
Yes. Inspector reads your library against its requirements every week and opens a finding, with the rule it cites and a proposed fix, wherever a policy falls short. A person decides what is applied.
Which edition does Amoreg use?
The catalogue records 2023. Editions were last verified in August 2026, and the Monitor records new publications as they appear.