AGP Executive Report
Last update: 11 hours agoCayman Employment & Immigration: Employers will soon have to post work-permit vacancies on the WORC Jobs Portal (with a regular printed copy for visibility), aiming to boost applications from Caymanians before permits are considered. Pensions & Housing Finance: About CI$6.5m was withdrawn from private pension funds in Jan–Jun 2025 via 129 property-related transactions, as the Department of Labour and Pensions shifts toward tighter compliance. Financial Services Regulation: CIMA has appointed a second Chief Supervision Officer (Investments & Innovation) and expanded banking supervision leadership, including a new Authorisations Division. Crypto & Tax Compliance: HMRC confirmed automatic crypto-asset reporting rules from May 31, 2027, with data sharing covering Cayman and other jurisdictions, including support for probate requests. Captive Insurance: The 2026 Cayman Captive Forum (1–3 Dec) will put AI and regulatory change front and centre, adding a third concurrent track on 2 Dec. Corporate/Markets: Ryde faces two legal actions tied to governance and alleged pump-and-dump conduct, with a Cayman Islands shareholder petition and a US class action. Business & Investment: Lightrock Group (via Lightrock Cayman) seeks CCI approval to acquire a stake in Mahindra Last Mile Mobility. Real Estate Networking: MyRealtor’s “Discover Panama” after-hours event drew 200+ attendees and showcased Panama investment opportunities.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result. Feedback is welcome. Please let us know if you have any comments or suggestions about the AGP Executive Report.
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