{"kind":"expression","expression":{"expr_id":"573","doc_id":"573","label":"2026 Revision","is_as_enacted":"f","commenced_on":null,"superseded_on":null,"valid_from":null,"valid_to":null,"is_current":"t","incorporating":null,"akn_expr_iri":"\/akn\/ky\/act\/sl\/2001\/6\/eng@2026-01-01","akn_envelope":"{\"_canary\": {\"iri\": {\"work\": \"\/akn\/ky\/act\/sl\/2001\/6\", \"expression\": \"\/akn\/ky\/act\/sl\/2001\/6\/eng@2026-01-01\", \"manifestation\": \"\/akn\/ky\/act\/sl\/2001\/6\/eng@2026-01-01.pdf\"}, \"pdf\": {\"md5\": \"21e46291d703b7f2046de08111942843\", \"path\": \"\/Users\/q\/kyleg-data\/working\/SUBORDINATE\/2001\/2001-0006\/2001-0006_2026 Revision.pdf\", \"pages\": 20, \"filename\": \"2001-0006_2026 Revision.pdf\"}, \"errors\": [], \"extraction\": {\"model\": null, \"stats\": {\"word_count\": 2110, \"paragraph_count\": 9, \"text_char_count\": 14423}, \"usage\": null, \"method\": \"pymupdf-text\", \"version\": \"kyleg-akn-1.0\", \"extracted_at\": \"2026-06-22\"}, \"classification\": \"text_layer\", \"validation_flags\": [], \"docai_processor_id\": null}, \"akomaNtoso\": {\"act\": {\"body\": [{\"eId\": \"sec_n1\", \"num\": null, \"text\": \"Money Services Act (2024 Revision) MONEY SERVICES BUSINESSES REGULATIONS (2026 Revision) PUBLISHING DETAILS Revised under the authority of the Law Revision Act (2020 Revision). The Money Services Business Regulations, 2001 made 23rd January, 2001. Consolidated with \u2014 Money Services Business (Amendment) Regulations, 2009 made 1st December, Money Services Business (Amendment) Regulations, 2019 made 17th December, Money Services Business (Amendment) Regulations, 2024 made 17th December, 2024. Consolidated and revised this 31st day of December, 2025. Money Services Businesses Regulations (2026 Revision) Arrangement of Regulations Money Services Act (2024 Revision) MONEY SERVICES BUSINESSES REGULATIONS (2026 Revision) Arrangement of Regulations Regulation 1. 2. 3. 4. 5. 6. 7.\", \"element\": \"section\", \"heading\": null}, {\"eId\": \"sec_8\", \"num\": \"8.\", \"text\": \"SCHEDULE 1 INFORMATION TO BE CONTAINED IN, AND TO ACCOMPANY, AN APPLICATION FOR THE GRANT OF A LICENCE SCHEDULE 2 FORM OF LICENCE SCHEDULE 3 FEES ENDNOTES Money Services Businesses Regulations (2026 Revision) Regulation 1 Money Services Act (2024 Revision) MONEY SERVICES BUSINESSES REGULATIONS (2026 Revision)\", \"element\": \"section\", \"heading\": null}, {\"eId\": \"sec_1\", \"num\": \"1.\", \"text\": \"Citation 1. These regulations may be cited as the Money Services Businesses Regulations (2026 Revision).\", \"element\": \"section\", \"heading\": null}, {\"eId\": \"sec_2\", \"num\": \"2.\", \"text\": \"Definitions 2. In these regulations \u2014 \u201cbank\u201d has the meaning assigned to it in the Banks and Trust Companies Act (2025 Revision); and \u201csection\u201d means a section of the Money Services Act (2024 Revision).\", \"element\": \"section\", \"heading\": null}, {\"eId\": \"sec_3\", \"num\": \"3.\", \"text\": \"Particulars to be contained in application 3. The information and particulars to be contained in an application for a licence under section 5, and the details and things to accompany the application, are set out in Schedule 1.\", \"element\": \"section\", \"heading\": null}, {\"eId\": \"sec_4\", \"num\": \"4.\", \"text\": \"Form of licence 4. A licence granted under section 5, shall be in the form set out in Schedule 2. Regulation 5 Money Services Businesses Regulations (2026 Revision)\", \"element\": \"section\", \"heading\": null}, {\"eId\": \"sec_5\", \"num\": \"5.\", \"text\": \"Fees 5. The fees payable under the Money Services Act (2024 Revision) are prescribed in Schedule 3.\", \"element\": \"section\", \"heading\": null}, {\"eId\": \"sec_6\", \"num\": \"6.\", \"text\": \"Report on licensee\u2019s sub-agent 6. A licensee shall provide to the Authority a report on the licensee\u2019s sub-agent containing the following details \u2014 (a) the name and address of the sub-agent; (b) the licensee\u2019s assessment of the sub-agent\u2019s compliance with applicable laws; (c) the name of all institutions with which a transaction account is maintained by the sub-agent; (d) the report of a risk assessment of the sub-agent\u2019s operations and arrangements; and (e) information as determined by the Authority that enables the Authority to assess the sub-agent\u2019s inherent risks and control risks.\", \"element\": \"section\", \"heading\": null}, {\"eId\": \"sec_7\", \"num\": \"7.\", \"text\": \"Authority may require independent assessment 7. (1) Notwithstanding regulation 6, the Authority may, at the expense of a licensee, require the licensee to have an independent assessment of a sub-agent carried out. (2) An independent assessment under paragraph (1) is subject to the terms of reference agreed to or determined by the Authority. 8. Information from a sub-agent 8. (1) A licensee shall provide to the Authority, where the licensee proposes to enter into a contract or other arrangement with a sub-agent, the following information regarding the sub-agent \u2014 (a) the name and address; (b) the type of account to be used by the sub-agent for money services business transactions; (c) the settlement of remittances and reporting systems; (d) the record-keeping systems; (e) the cash security and other internal control systems; (f) the training plan; (g) the procedures in place to ensure compliance with applicable laws; and (h) where the proposed sub-agent is a company \u2014 (i) the ownership and control of the company; and Money Services Businesses Regulations (2026 Revision) Regulation 8 (ii) the information set out in paragraph 8 of Schedule 1. (2) Where a person (\u201can applicant\u201d) who is desirous of carrying on money services business applies to the Authority for a licence and the applicant also proposes to enter into a contract or other arrangement with another person as a sub-agent, the applicant shall, in addition to providing the information set out in Schedule 1, provide to the Authority the information under paragraph (1). Money Services Businesses Regulations (2026 Revision) SCHEDULE 1 SCHEDULE 1 (regulation 3) INFORMATION TO BE CONTAINED IN, AND TO ACCOMPANY, AN APPLICATION FOR THE GRANT OF A LICENCE 1. The name and address of the money services business in respect of which the licence is sought (hereinafter referred to as \u201cthe money services business\u201d). 2. The name and address of the person (hereinafter referred to as \\\"the applicant\\\") applying to carry on the money services business. 3. The address of the principal office of the applicant and of its registered office if different. 4. If the applicant is a company, evidence of its incorporation in the Islands, or outside them, as the case may be, and a copy of the memorandum and articles of association, Act, statute, charter, partnership agreement or other instrument constituting and defining the constitution of the applicant verified by a declaration made by one of its directors or partners or its secretary. 5. The name and address of each person who \u2014 (a) owns or controls the money services business; (b) is a director or officer of the money services business; (c) is an agent of the applicant; or (d) otherwise participates in the conduct of the affairs of the money services business. 6. In respect of \u2014 (a) the approved transaction account, the name and address of the depository institution at which the transaction account is maintained; and (b) the approved arrangement for the purposes of the money services business, the following \u2014 (i) the name and address of the person with whom the licensee proposes to enter into an arrangement; (ii) the details of the arrangement; (iii) the name and address of any other persons involved with the arrangement; (iv) the jurisdiction within which a person under subsubparagraph (iii) operates and the jurisdiction in which the person\u2019s operation is licensed or registered; SCHEDULE 1 Money Services Businesses Regulations (2026 Revision) (v) a statement in writing of whether any of the persons under subsubparagraphs (i) or (iii) are regulated in another jurisdiction; (vi) a statement in writing of whether the arrangement entered into requires approval in another jurisdiction for it to be a valid arrangement; and (vii) the licensee\u2019s risk assessment report. 7. Where appropriate, a statement in writing in a form acceptable to the Authority from the body responsible for the administration of the laws relating to money services businesses and the supervision of such businesses, in the country in which the applicant or its parent company is incorporated that such body is aware of the application. 8. If the applicant is a company \u2014 (a) the full names, addresses and nationalities of each shareholder who holds more than ten per cent of its share capital; (b) the annual accounts for the two years immediately preceding the year of application of each shareholder which is a body corporate to which paragraph (a) applies, together with similar accounts for the parent body, if any, of each such body corporate; (c) two or more references verifying the good financial standing of each shareholder who is a natural person to whom paragraph (a) applies; (d) a list certified by its secretary containing the full names, addresses and nationalities of its directors, managers and officers; (e) two character references for each of the persons referred to in paragraph (d) and, for each such person, a police or other certificate satisfactory to the Authority that the person has not been convicted of a serious crime or any offence involving dishonesty; (f) evidence acceptable to the Authority of the availability to the applicant at all times of adequate professional knowledge of, and experience in, the money services business and the names of at least two of its directors actively engaged in the money services business of the applicant, one of whom shall possess sound professional knowledge of, and experience in, money services business; (g) the name and address of its proposed auditor; (h) a statement giving the date for the drawing up of the annual accounts of the applicant; (i) confirmation in writing under the hand of the presiding officer of the applicant and the presiding officer of its parent body, if any, that they concur in the making of the application; Money Services Businesses Regulations (2026 Revision) SCHEDULE 1 (j) a statement in writing in a form acceptable to the Authority accepting legal responsibility for the obligations and liabilities of the applicant executed by and binding on the parent company, if any, of the applicant; (k) three business references of which at least one shall be from a bank; (l) a detailed business plan, containing details of the current money services business activities, if any, of the applicant and its proposed activities and the name of any person that the applicant proposes to enter into a contract or other arrangement with as a sub-agent if the licence applied for is granted, including \u2014 (i) the reasons for wishing to obtain the licence sought; (ii) the business aims of the applicant in respect of the money services business and its potential client base; (iii) a detailed statement setting out its proposed initial assets and its proposed assets and expected liabilities at the end of each of the two years next succeeding the date of such grant together with an estimate of expected income; (iv) particulars of its management structure and personnel; (v) the names and addresses of the registered offices of all subsidiary companies of the applicant together with a statement as to how much of the capital of each such company constitutes an asset of the applicant; (vi) a chart showing the relationship to its subsidiaries and affiliates and any holding company; and (vii) a brief description of each of its subsidiaries and affiliates; and (m) details of the applicant\u2019s proposals for establishing and maintaining, in respect of the money services business, systems of control and systems of inspection and report, if the licence applied for is granted; and (n) in the case of a company incorporated outside the Islands, the name and address of the supervisory authority or regulatory authority responsible for the supervision of each of the applicant\u2019s agents operating outside the Islands. SCHEDULE 2 Money Services Businesses Regulations (2026 Revision) SCHEDULE 2 FORM OF LICENCE (regulation 4) MONEY SERVICES ACT (2024 Revision) MONEY SERVICES BUSINESSES REGULATIONS (2026 Revision) LICENCE No. \u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026is hereby licensed under the Money Services Act (2024 Revision), to carry on money services business within the Islands under the Money Services Act (2024 Revision), subject to the following conditions \u2014 The Licensee shall forthwith notify the Cayman Islands Monetary Authority of any change in the information supplied in the application for this Licence. Granted this ____day of __________________, ____________, at George Town on the Island of Grand Cayman. Cayman Islands Monetary Authority Money Services Businesses Regulations (2026 Revision) SCHEDULE 3 SCHEDULE 3 (regulation 5) FEES Application fee under section 5(4) $2,500.00 Annual fee for a licence to carry on money services business under section 5(9)(a) $20,000.00 Annual fee for a subsidiary, branch, agency or representative office under section 5(9)(b) $1,000.00 Publication in consolidated and revised form authorised by the Cabinet this 28th day of January, 2026. Kim Bullings Clerk of Cabinet Money Services Businesses Regulations (2026 Revision) ENDNOTES ENDNOTES Table of Legislation history: SL # Act\/Law # Legislation Commencement Gazette 70\/2024 Money Services Businesses (Amendment) Regulations, 19-Dec-2024 LG47\/2024\/s36 Money Services Businesses Regulations (2020 Revision) 14-Jan-2020 LG5\/2020\/s8 51\/2019 Money Services Businesses (Amendment) Regulations, 18-Dec-2019 LG46\/2019\/s4 51\/2009 Money Services Businesses (Amendment) Regulations, 30-Dec-2009 GE92\/2009\/s1 6\/2001 12-Feb-2001 G4\/2001\/s7 ENDNOTES Money Services Businesses Regulations (2026 Revision) Money Services Businesses Regulations (2026 Revision) ENDNOTES ENDNOTES Money Services Businesses Regulations (2026 Revision) (Price: $4.00)\", \"element\": \"section\", \"heading\": null}], \"meta\": {\"notes\": null, \"workflow\": null, \"lifecycle\": {\"source\": \"#cilegis\", \"eventRef\": [{\"eId\": \"e_commence_2026_01_01\", \"date\": \"2026-01-01\", \"type\": 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[{\"date\": \"2026-01-01\", \"name\": \"generation\"}], \"FRBRthis\": \"\/akn\/ky\/act\/sl\/2001\/6\/!main\", \"FRBRalias\": [{\"name\": \"cmsId\", \"value\": \"2001-0006\"}], \"FRBRauthor\": [{\"as\": \"#editor\", \"href\": \"\/akn\/ontology\/canary\/organization\/editor\/cilegis\"}], \"FRBRnumber\": \"6 of 2001\", \"FRBRcountry\": \"ky\", \"FRBRsubtype\": \"subordinate\"}, \"FRBRExpression\": {\"FRBRuri\": \"\/akn\/ky\/act\/sl\/2001\/6\/eng@2026-01-01\", \"FRBRdate\": [{\"date\": \"2026-01-01\", \"name\": \"generation\"}], \"FRBRthis\": \"\/akn\/ky\/act\/sl\/2001\/6\/eng@2026-01-01\/!main\", \"FRBRauthor\": [{\"as\": \"#editor\", \"href\": \"\/akn\/ontology\/canary\/organization\/editor\/cilegis\"}], \"FRBRlanguage\": \"eng\"}, \"FRBRManifestation\": {\"FRBRuri\": \"\/akn\/ky\/act\/sl\/2001\/6\/eng@2026-01-01.xml\", \"FRBRdate\": [{\"date\": \"2026-06-22\", \"name\": \"generation\"}], \"FRBRthis\": \"\/akn\/ky\/act\/sl\/2001\/6\/eng@2026-01-01.xml\", \"FRBRauthor\": [{\"as\": \"#editor\", \"href\": \"\/akn\/ontology\/canary\/organization\/editor\/cilegis\"}], \"FRBRformat\": \"application\/xml\"}}}, \"name\": \"act\", \"header\": {\"title\": \"Money Services Businesses Regulations\", \"actNumber\": \"6 of 2001\", \"longTitle\": null}}, \"doc\": null, \"bill\": null, \"judgment\": null}}","akn_full_text":"CAYMAN ISLANDS\n\nMoney Services Act\n(2024 Revision)\nMONEY SERVICES BUSINESSES\nREGULATIONS\n(2026 Revision)\n\nSupplement No. 3 published with Legislation Gazette No. 8 dated 10th February, 2026.\n\nPage 2\nRevised as at 31st December, 2025\nc\n\nPUBLISHING DETAILS\n\nRevised under the authority of the Law Revision Act (2020 Revision).\n\nThe Money Services Business Regulations, 2001 made 23rd January, 2001.\n\nConsolidated with \u2014\nMoney Services Business (Amendment) Regulations, 2009 made 1st December,\n2009\nMoney Services Business (Amendment) Regulations, 2019 made 17th December,\n2019\nMoney Services Business (Amendment) Regulations, 2024 made 17th December,\n2024.\n\nConsolidated and revised this 31st day of December, 2025.\n\nMoney Services Businesses Regulations (2026 Revision)\nArrangement of Regulations\n\nc\nRevised as at 31st December, 2025\nPage 5\n\nCAYMAN ISLANDS\n\nMoney Services Act\n(2024 Revision)\nMONEY SERVICES BUSINESSES\nREGULATIONS\n(2026 Revision)\nArrangement of Regulations\nRegulation\nPage\n1.\nCitation ......................................................................................................................................7\n2.\nDefinitions ..................................................................................................................................7\n3.\nParticulars to be contained in application ...................................................................................7\n4.\nForm of licence ..........................................................................................................................7\n5.\nFees ..........................................................................................................................................8\n6.\nReport on licensee\u2019s sub-agent ..................................................................................................8\n7.\nAuthority may require independent assessment .........................................................................8\n8.\nInformation from a sub-agent .....................................................................................................8\nSCHEDULE 1\n11\nINFORMATION TO BE CONTAINED IN, AND TO ACCOMPANY, AN APPLICATION FOR\nTHE GRANT OF A LICENCE\n11\nSCHEDULE 2\n14\nFORM OF LICENCE\n14\nSCHEDULE 3\n15\nFEES\n15\nENDNOTES\n17\nTable of Legislation history: ............................................................................................................... 17\n\nMoney Services Businesses Regulations (2026 Revision)\nRegulation 1\n\nc\nRevised as at 31st December, 2025\nPage 7\n\nCAYMAN ISLANDS\n\nMoney Services Act\n(2024 Revision)\nMONEY SERVICES BUSINESSES\nREGULATIONS\n(2026 Revision)\n\n1.\nCitation\n1.\nThese regulations may be cited as the Money Services Businesses Regulations (2026\nRevision).\n2.\nDefinitions\n2.\nIn these regulations \u2014\n\u201cbank\u201d has the meaning assigned to it in the Banks and Trust Companies\nAct (2025 Revision); and\n\u201csection\u201d means a section of the Money Services Act (2024 Revision).\n3.\nParticulars to be contained in application\n3.\nThe information and particulars to be contained in an application for a licence under\nsection 5, and the details and things to accompany the application, are set out in\nSchedule 1.\n4.\nForm of licence\n4.\nA licence granted under section 5, shall be in the form set out in Schedule 2.\n\nRegulation 5\nMoney Services Businesses Regulations (2026 Revision)\n\nPage 8\nRevised as at 31st December, 2025\nc\n\n5.\nFees\n5.\nThe fees payable under the Money Services Act (2024 Revision) are prescribed in\nSchedule 3.\n6.\nReport on licensee\u2019s sub-agent\n6.\nA licensee shall provide to the Authority a report on the licensee\u2019s sub-agent\ncontaining the following details \u2014\n(a)\nthe name and address of the sub-agent;\n(b) the licensee\u2019s assessment of the sub-agent\u2019s compliance with applicable\nlaws;\n(c)\nthe name of all institutions with which a transaction account is maintained\nby the sub-agent;\n(d) the report of a risk assessment of the sub-agent\u2019s operations and\narrangements; and\n(e)\ninformation as determined by the Authority that enables the Authority to\nassess the sub-agent\u2019s inherent risks and control risks.\n7.\nAuthority may require independent assessment\n7.\n(1) Notwithstanding regulation 6, the Authority may, at the expense of a licensee,\nrequire the licensee to have an independent assessment of a sub-agent carried\nout.\n(2) An independent assessment under paragraph (1) is subject to the terms of\nreference agreed to or determined by the Authority.\n8.\nInformation from a sub-agent\n8.\n(1) A licensee shall provide to the Authority, where the licensee proposes to enter\ninto a contract or other arrangement with a sub-agent, the following information\nregarding the sub-agent \u2014\n(a)\nthe name and address;\n(b) the type of account to be used by the sub-agent for money services business\ntransactions;\n(c)\nthe settlement of remittances and reporting systems;\n(d) the record-keeping systems;\n(e)\nthe cash security and other internal control systems;\n(f)\nthe training plan;\n(g) the procedures in place to ensure compliance with applicable laws; and\n(h) where the proposed sub-agent is a company \u2014\n(i)\nthe ownership and control of the company; and\n\nMoney Services Businesses Regulations (2026 Revision)\nRegulation 8\n\nc\nRevised as at 31st December, 2025\nPage 9\n\n(ii) the information set out in paragraph 8 of Schedule 1.\n(2) Where a person (\u201can applicant\u201d) who is desirous of carrying on money services\nbusiness applies to the Authority for a licence and the applicant also proposes\nto enter into a contract or other arrangement with another person as a sub-agent,\nthe applicant shall, in addition to providing the information set out in Schedule\n1, provide to the Authority the information under paragraph (1).\n\nMoney Services Businesses Regulations (2026 Revision)\n\nSCHEDULE 1\n\nc\nRevised as at 31st December, 2025\nPage 11\n\n SCHEDULE 1\n(regulation 3)\nINFORMATION TO BE CONTAINED IN, AND TO ACCOMPANY, AN\nAPPLICATION FOR THE GRANT OF A LICENCE\n1.\nThe name and address of the money services business in respect of which the licence\nis sought (hereinafter referred to as \u201cthe money services business\u201d).\n2.\nThe name and address of the person (hereinafter referred to as \"the applicant\")\napplying to carry on the money services business.\n3.\nThe address of the principal office of the applicant and of its registered office if\ndifferent.\n4.\nIf the applicant is a company, evidence of its incorporation in the Islands, or outside\nthem, as the case may be, and a copy of the memorandum and articles of association,\nAct, statute, charter, partnership agreement or other instrument constituting and\ndefining the constitution of the applicant verified by a declaration made by one of its\ndirectors or partners or its secretary.\n5.\nThe name and address of each person who \u2014\n(a)\nowns or controls the money services business;\n(b) is a director or officer of the money services business;\n(c)\nis an agent of the applicant; or\n(d) otherwise participates in the conduct of the affairs of the money services\nbusiness.\n6.\nIn respect of \u2014\n(a)\nthe approved transaction account, the name and address of the depository\ninstitution at which the transaction account is maintained; and\n(b) the approved arrangement for the purposes of the money services business,\nthe following \u2014\n(i)\nthe name and address of the person with whom the licensee proposes\nto enter into an arrangement;\n(ii) the details of the arrangement;\n(iii) the name and address of any other persons involved with the\narrangement;\n(iv) the jurisdiction within which a person under subsubparagraph (iii)\noperates and the jurisdiction in which the person\u2019s operation is\nlicensed or registered;\n\nSCHEDULE 1\nMoney Services Businesses Regulations (2026 Revision)\n\nPage 12\nRevised as at 31st December, 2025\nc\n\n(v) a statement in writing of whether any of the persons under\nsubsubparagraphs (i) or (iii) are regulated in another jurisdiction;\n(vi) a statement in writing of whether the arrangement entered into\nrequires approval in another jurisdiction for it to be a valid\narrangement; and\n(vii) the licensee\u2019s risk assessment report.\n7.\nWhere appropriate, a statement in writing in a form acceptable to the Authority from\nthe body responsible for the administration of the laws relating to money services\nbusinesses and the supervision of such businesses, in the country in which the\napplicant or its parent company is incorporated that such body is aware of the\napplication.\n8.\nIf the applicant is a company \u2014\n(a)\nthe full names, addresses and nationalities of each shareholder who holds\nmore than ten per cent of its share capital;\n(b) the annual accounts for the two years immediately preceding the year of\napplication of each shareholder which is a body corporate to which\nparagraph (a) applies, together with similar accounts for the parent body,\nif any, of each such body corporate;\n(c)\ntwo or more references verifying the good financial standing of each\nshareholder who is a natural person to whom paragraph (a) applies;\n(d) a list certified by its secretary containing the full names, addresses and\nnationalities of its directors, managers and officers;\n(e)\ntwo character references for each of the persons referred to in\nparagraph (d) and, for each such person, a police or other certificate\nsatisfactory to the Authority that the person has not been convicted of a\nserious crime or any offence involving dishonesty;\n(f)\nevidence acceptable to the Authority of the availability to the applicant at\nall times of adequate professional knowledge of, and experience in, the\nmoney services business and the names of at least two of its directors\nactively engaged in the money services business of the applicant, one of\nwhom shall possess sound professional knowledge of, and experience in,\nmoney services business;\n(g) the name and address of its proposed auditor;\n(h) a statement giving the date for the drawing up of the annual accounts of\nthe applicant;\n(i)\nconfirmation in writing under the hand of the presiding officer of the\napplicant and the presiding officer of its parent body, if any, that they\nconcur in the making of the application;\n\nMoney Services Businesses Regulations (2026 Revision)\n\nSCHEDULE 1\n\nc\nRevised as at 31st December, 2025\nPage 13\n\n(j)\na statement in writing in a form acceptable to the Authority accepting legal\nresponsibility for the obligations and liabilities of the applicant executed\nby and binding on the parent company, if any, of the applicant;\n(k) three business references of which at least one shall be from a bank;\n(l)\na detailed business plan, containing details of the current money services\nbusiness activities, if any, of the applicant and its proposed activities and\nthe name of any person that the applicant proposes to enter into a contract\nor other arrangement with as a sub-agent if the licence applied for is\ngranted, including \u2014\n(i)\nthe reasons for wishing to obtain the licence sought;\n(ii) the business aims of the applicant in respect of the money services\nbusiness and its potential client base;\n(iii) a detailed statement setting out its proposed initial assets and its\nproposed assets and expected liabilities at the end of each of the two\nyears next succeeding the date of such grant together with an estimate\nof expected income;\n(iv) particulars of its management structure and personnel;\n(v) the names and addresses of the registered offices of all subsidiary\ncompanies of the applicant together with a statement as to how much\nof the capital of each such company constitutes an asset of the\napplicant;\n(vi) a chart showing the relationship to its subsidiaries and affiliates and\nany holding company; and\n(vii) a brief description of each of its subsidiaries and affiliates; and\n(m) details of the applicant\u2019s proposals for establishing and maintaining, in\nrespect of the money services business, systems of control and systems of\ninspection and report, if the licence applied for is granted; and\n(n) in the case of a company incorporated outside the Islands, the name and\naddress of the supervisory authority or regulatory authority responsible for\nthe supervision of each of the applicant\u2019s agents operating outside the\nIslands.\n\nSCHEDULE 2\nMoney Services Businesses Regulations (2026 Revision)\n\nPage 14\nRevised as at 31st December, 2025\nc\n\nSCHEDULE 2\nFORM OF LICENCE\n(regulation 4)\nCAYMAN ISLANDS\nMONEY SERVICES ACT (2024 Revision)\nMONEY SERVICES BUSINESSES REGULATIONS (2026 Revision)\n\nLICENCE\nNo.\n\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026is hereby licensed under the Money Services Act (2024\nRevision), to carry on money services business within the Islands under the Money Services\nAct (2024 Revision), subject to the following conditions \u2014\nThe Licensee shall forthwith notify the Cayman Islands Monetary Authority of any change\nin the information supplied in the application for this Licence.\n\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026..............\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\nGranted this ____day of __________________, ____________, at George Town on the\nIsland of Grand Cayman.\nCayman Islands Monetary Authority\n\nMoney Services Businesses Regulations (2026 Revision)\n\nSCHEDULE 3\n\nc\nRevised as at 31st December, 2025\nPage 15\n\nSCHEDULE 3\n(regulation 5)\nFEES\nApplication fee under section 5(4)\n$2,500.00\nAnnual fee for a licence to carry on money services\nbusiness under section 5(9)(a)\n $20,000.00\nAnnual fee for a subsidiary, branch, agency or representative\noffice under section 5(9)(b)\n$1,000.00\nPublication in consolidated and revised form authorised by the Cabinet this 28th\nday of January, 2026.\nKim Bullings\nClerk of Cabinet\n\nMoney Services Businesses Regulations (2026 Revision)\n\nENDNOTES\n\nc\nRevised as at 31st December, 2025\nPage 17\n\nENDNOTES\nTable of Legislation history:\nSL #\nAct\/Law #\nLegislation\nCommencement\nGazette\n70\/2024\n\nMoney Services Businesses (Amendment) Regulations,\n2024\n19-Dec-2024 LG47\/2024\/s36\n\nMoney Services Businesses Regulations (2020 Revision)\n14-Jan-2020\nLG5\/2020\/s8\n51\/2019\n\nMoney Services Businesses (Amendment) Regulations,\n2019\n18-Dec-2019\nLG46\/2019\/s4\n51\/2009\n\nMoney Services Businesses (Amendment) Regulations,\n2009\n30-Dec-2009\nGE92\/2009\/s1\n6\/2001\n\nMoney Services Businesses Regulations, 2001\n12-Feb-2001\nG4\/2001\/s7\n\nENDNOTES\nMoney Services Businesses Regulations (2026 Revision)\n\nPage 18\nRevised as at 31st December, 2025\nc\n\nMoney Services Businesses Regulations (2026 Revision)\n\nENDNOTES\n\nc\nRevised as at 31st December, 2025\nPage 19\n\nENDNOTES\nMoney Services Businesses Regulations (2026 Revision)\n\nPage 20\nRevised as at 31st December, 2025\nc\n\n(Price: $4.00)","akn_extracted_at":"2026-06-22 15:39:21.712941+00","cms_id":"2001-0006","law_type":"subordinate","year":"2001","number":"6","title":"Money Services Businesses Regulations","status":"in_force"},"provenance":{"files":[{"file_id":"5623","expr_id":"573","kind":"akn_xml","filename":"2001-0006_2026 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