In follow-up to a public warning that it issued on December 14, CIMA has carried out its threat to cancel the registrations of 1,228 Cayman directors. CIMA says that these directors are in breach of Cayman’s Director Registration and Licensing Act.

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Participating at a recent NED e-event Debra Franzese, a partner at the New York law firm Seward & Kissel, said that SEC is likely to change form ADV to enhance diversity and disclosure requirements. Details of how this would operate, or when it will be introduced, are yet to finalised. But it appears to be on the way.

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