Update to the Virtual Asset Service Provider (VASP) Registration Application Form

The Cayman Islands Monetary Authority (the "Authority") is notifying stakeholders of a change to the application form for the registration of Virtual Asset Service Providers (VASPs) through the REEFS portal. Effective 13 December 2024, the current VASP application form, APP 101-84, will be replaced with a new form, APP 101-84-05. This update is designed to streamline the application process by incorporating additional questions and clarifying document requirements. These changes ensure better alignment with the Virtual Asset Service Provider Act (2024 Revision), improve the completeness of submissions, and facilitate a more efficient registration process.

Important Transition Information

1.  All new VASP applications that are to be submitted on or after 13 December 2024 must be completed using the updated APP 101-84-05 form via the REEFS portal. 2
2. Applications in progress as of 13 December 2024 may still be completed using the existing APP 101-84 form and submitted before 5:00pm on 30 January 2025.
3. Applicants that are not able to submit any in-progress applications by 30 January 2025 will need to use the new form APP 101-84-05, for all future registration submissions.

Should you require any assistance regarding the new form or the VASP application process, please refer to the Completion Guide available on our website.

For further information or queries, please contact VASPinfo@cima.ky.