Updates on 2024 and 2025 Annual Fee Deadlines and Penalties

Given the publishing of the fee changes in the Gazette dated 19 December 2024, the Cayman Islands Monetary Authority (the “Authority”) informs industry of the following: -

1. Firms should pay, at a minimum, the 2024 amounts by the statutory deadline (15 January). On 16 January, the Authority will begin assessing penalties on any of these outstanding annual fee amounts.
2. The Authority has granted an extension to the 17 February 2025 for the payment of the 2025 Fees changes (the difference between the 2024 and 2025 fees). On 18 February, the Authority will begin assessing penalties on outstanding annual fee change/increase amounts.

For more information regarding these changes, please visit: https://www.cima.ky/general-industry-notices.