The Cayman Islands Monetary Authority (CIMA) was established in 1997 on the basis of the Monetary Authority Law. It is completely in the ownership of the government and it consists of the Board of Directors whose members are personally selected by the Governor. The Governor is quite involved in the organization’s work and may issue directions and hire a neutral person to review the work of CIMA. CIMA is open for business Monday through Friday from 8:30 a.m. to 5:00 p.m. (UTC/GMT-5:00), except on Cayman Islands Public Holidays.
The Authority was created from the merger of the Financial Services Supervision Department of the Cayman Islands Government and the Cayman Islands Currency Board. The former responsibilities, duties and activities of these two bodies now fall to CIMA. The Authority, however, was not established just to continue what was already in place under a different guise but rather to enhance Cayman’s ability to maintain a well regulated financial services regime and monetary stability.
CIMA Regulated Brokers
Cayman Islands Monetary Authority (CIMA),
Business Law (SIBL) no. 1383491,
VT Markets | SIBL no. 1383491,
ASIC, AFSL no. 428901,
VT Markets | AFSL no. 428901
Cayman Islands Monetary Authority, 1444866
CNMV (Spain), 4256
FSA (Seychelles) SD036
FSC (Mauritius), GB20025770
CIMA registration No. CR-326096,
CIMA License no. 1444866.
FSA registration No. 8425627-1,
FSA under License no. SD036.