Cayman Islands: Record-Keeping Obligations of Trustees

In August 2019, the Cayman Islands Trusts Law was amended by The Trusts (Amendment) (No.2) Law, 2019 (the “Amendment”) under which record-keeping obligations of trustees were codified.  The Trusts (Transparency) Regulations, 2019 (the “Regulations”) were published shortly thereafter by Cabinet in support of the Amendment.  The Amendment and the Regulations…