2024 05 23 – RULE AND STATEMENT OF GUIDANCE – MARKET CONDUCT FOR TRUST AND CORPORATE SERVICES PROVIDERS AND COMPANY MANAGERS
Executive Summary:
The “Rule and Statement of Guidance – Market Conduct for Trust and Corporate Services Providers and Company Managers” outlines regulations to ensure fair practices and transparency in the Cayman Islands’ financial sector. It sets standards for trust and corporate service providers, as well as company managers, to safeguard clients’ interests, promote integrity, and prevent misconduct in the financial services industry.
The document emphasizes ethical behavior, professional conduct, and regulatory compliance. It aims to enhance the reputation of the Cayman Islands as a trusted financial center while ensuring that service providers meet the required legal and operational standards.