Consultation extended on beneficial ownership

| 30/01/2014

(CNS Business): The deadline for public input on the critical issue of beneficial ownership of Cayman registered companies has been extended for another month. The financial services ministry is appealing to people working in financial services and commerce, their clients and the general public, including small-business owners, to provide comments before the end of February. Government is committed to finding a way to be transparent about who benefits from Cayman registered companies, both on and offshore, to meet with the UK’s expectations and the G8 agenda. Cayman does not have to go as far as a fully open public register, as the UK prime minister has proposed for Britain, but the jurisdiction must find a way to collate the necessary information in one place and decide who gets to access it. Read more on CNS Business

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Category: Business

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