Laws
New bill rolled out to help trust and estates sector
(CNS): Financial Services Minister André Ebanks will present the Perpetuities (Amendment) Bill, 2024 in parliament next month. The bill aims to enhance the trusts and estate planning sector by removing the mandatory 150-year perpetuity period for existing and future trusts. The change aligns with industry trends and ensures the Cayman Islands’ competitiveness in financial services, […]
Activists urge CIG to enforce anticipated plastic ban
(CNS): Local activists are urging the Cayman Islands Government to enforce the law when it implements the proposed ban on some single-use plastics. Plastic Free Cayman told CNS that they were delighted to see progress on an issue they have been campaigning for since 2017. As seen with past environmental initiatives such as the litter […]
Pharmacy Act to modernise 45-year-old law
(CNS): Parliament is expected to debate a new bill next month to replace the existing outdated legislation relating to pharmacies and the dispensing of medicines that was first enacted in 1979. The Pharmacy Act, 2024 repeals the old law and introduces a new regulatory regime for the importing and making of medicines and the wholesale, […]
Law to be tightened to cover 3D and kit guns
(CNS): An extensive amendment bill has been drafted to replace the Firearms Law to help police meet some of the challenges they face regarding guns and keep up with changing technology. The legislation, which is expected to go before parliament next month, prohibits, among other things, 3D-printed guns and parts and empowers the police commissioner […]
MPs back law restricting evidence access over security
(CNS): None of the Cayman Islands’ political representatives objected to a new piece of legislation presented to parliament by Attorney General Sam Bulgin on Monday that restricts access to important evidence or information in civil or human rights proceedings as well as judicial reviews if the authorities say it cannot be disclosed for security or […]
Consumer bill finally on parliament’s agenda
(CNS): Speaker of the House Sir Alden McLaughlin has notified MPs that the third meeting of the 2023-2024 session of parliament will start at 10:00am on Monday, 26 February. Because of the need to pass the 2024/2025 budget, MPs will be presented with several pieces of legislation at this first meeting of 2024 that weren’t […]
UPM mulls changes to conservation law as CPA and DoE face off
(CNS): The United People’s Movement caucus is understood to be planning changes to the National Conservation Act due to pressure from developers and others over false claims that the law, the National Conservation Council and the Department of Environment are stifling development. This comes after the Central Planning Authority has, once again, falsely claimed that […]
Bills passed to improve BO disclosure regime
(CNS): Financial Services Minister André Ebanks has steered several bills through parliament, including a stand-alone Beneficial Transparency Ownership Act to improve the current regime on how information relating to who benefits from financial entities registered here is shared and to stay ahead of changing standards and rules. Explaining the law during last week’s special parliamentary […]
Rules changed to allow hotel rooftop pools and bars
(CNS): Government has amended the development and planning regulations to enable hotels and condos in the tourism zones to utilise rooftop space for amenities such as swimming pools, restaurants, bars or spas. The change was passed through parliament at the end of Thursday’s proceedings by Planning Minister Jay Ebanks to promote the use of roofs […]
Locals get more access to pensions to buy property
(CNS): Caymanians with private sector pensions can now gain access to more of their funds in order to pay down mortgages, raise deposits to buy a home or land, or pay off strata debts, after an amendment to the National Pensions Act was steered through parliament Thursday. Minister Dwayne Seymour, who has returned to the […]
Sir Alden to be nominated speaker at special meeting
(CNS): Parliament is set to meet on Thursday to enable members to nominate and elect a new speaker and steer through an amendment to the pensions law to allow Caymanians in the private sector access to the funds to pay off mortgages or purchase property. An official release about the first meeting called by the […]
