Cayman Islands Seeks Regulatory MOUs with SEBI and IFSCA for Information Exchange

As per Reuters, the Cayman Islands has outlined plans to sign new cooperation agreements with India’s market regulator SEBI and the IFSCA at GIFT City, aiming to build stronger information exchange and support transparent investment flows between the 2 countries. 

Cayman Islands Seeks Deeper Cooperation with Indian Authorities 

The Cayman Islands is working to formalise new pacts that would strengthen data-sharing and support India-facing investment activity. Premier André M. Ebanks said the proposals also include legal cooperation, emphasising that the initiative is designed to enhance confidence and transparency.  

He stated that both SEBI and Cayman Islands monetary authority are already part of the International Organization of Securities Commission. 

The premier added that the territory may explore a tailored regulatory approach specifically for funds investing in India. This move aligns with the Island’s continued positioning as a tax-neutral, transparent jurisdiction rather than a traditional tax haven. 

Focus on GIFT City and Expanding India Linked Investment Flows 

As part of the initiative, the Cayman Islands is also exploring cooperation with the Gujarat International Finance Tec-City (GIFT City), India’s flagship global financial hub.  

The territory aims to align with India’s growing role in global capital markets and accommodate the increasing flow of foreign portfolio investment from entities registered in Cayman Islands. 

Cayman Islands remains among the top 5 sources of FDI into India, and officials believe these agreements can further streamline and secure data exchange for investor-related information. 

About the Cayman Islands Strategic Shift 

The British Overseas Territory was removed from the FATF grey list in 2023 and has since intensified efforts to project itself as a transparent financial centre.  

It already shares tax-related information with India under a 2011 agreement through the OECD’s Common Reporting Standard.  

By strengthening cooperation with SEBI and IFSCA, the Island aims to reinforce its commitment to information-sharing, global financial integration, and investor trust. 

Read More: Russia’s Sberbank Launches First-India Mutual Fund for Russian Investors! 

Conclusion 

The Cayman Islands plan to sign MoUs with SEBI and IFSCA aims to boost regulatory cooperation, improve information sharing, and support India’s growing financial ecosystem through GIFT City while reinforcing Cayman’s focus on transparency. 

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