Telecommunications provider Logic is the lead local partner of the internet marketing conference IMPACT17, organizers Cayman Enterprise City and the Internet Marketing Association announced.
The conference will be held at the Kimpton Seafire Resort & Spa from April 26 to 28.
Chairman and founder of IMA, Sinan Kanatsiz, said, “We are fired up to have Logic and their CEO Rob McNabb present at IMPACT17. Their story as an organization reaches new boundaries in innovation, technology, marketing and leadership. Sharing stories like this is the IMA way, we learn together, innovate together and lead together.”
The theme of IMPACT17 is “Leadership in a Lightspeed Industry” and focuses on the constantly changing landscape and rapid introduction of new technologies.
Mr. McNabb, along with CMOs and CEOs of leading global brands such as Microsoft, Adobe and Evite, will share insights into new, upcoming technologies and industry knowledge to help business leaders adapt.
Monetary Authority launches online fee payment module
The Cayman Islands Monetary Authority has launched its fee payment section of the Regulatory Enhanced Electronic Forms Submission system, known as REEFS, for authorized financial services industry users.
The new payment module will be rolled out in two phases. Currently under way, phase 1 allows entity authorized users to view fees which are due or overdue, including historical payments. CIMA’s Managing Director Cindy Scotland said, “As each stage of the online fee payment system continues to unfold, this will provide more efficiency for the authority, while providing a convenient service for our licensees and stakeholders.
“Although there is still work to be done before its final stages, I trust that this new service will allow the Cayman Islands to maintain its position as a leading jurisdiction within the global financial services industry.”
As part of phase 2, expected for the third quarter of 2017, users be able to make online payments.
CIMA says it will provide training and guidance to users on the fee payment system.
In a press release, the authority said REEFS was launched in January 2015 as an online portal for electronic submissions of required information to CIMA.
Maples group sponsors CRS 101 event
The Maples group, comprised of local firms Maples and Calder and MaplesFS, will be sponsoring an educational event for one of the country’s most recent compliance initiatives.
The “CRS 101” seminar is organized by local consulting firm FTS and will be held at The Ritz-Carlton, Grand Cayman on Tuesday, April 11.
FTS Director Paul Byles said, “It’s great to have the expertise of Maples on board for this event. The participation of experts from Maples and Calder as well as MaplesFS on the agenda, coupled with the session being delivered by Mr. Duncan Nicol, director of the DITC, brings all the CRS preparation topics together very well.”
The Common Reporting Standard was recently introduced to the Cayman Islands and the seminar is being organized to help local firms prepare for the initiative.
Christopher Capewell, partner at Maples and Calder, said, “We feel this event will be helpful for local financial services firms looking to fine tune their preparations for CRS.”
Mr. Capewell will be presenting alongside MaplesFS Senior Vice Presidents Michelle Bailey and William Chisholm, offering insights from a legal and hands-on operational perspective.
“The Maples group has worked closely with the Cayman Islands government and relevant industry associations on the implementation of both FATCA and CRS in the Cayman Islands. As a result, we are uniquely placed to share our expertise with the attendees at this event on how best to prepare themselves for upcoming requirements,” Mr. Capewell said.
Seminar provides training for CIMA inspections
The Monetary Authority will hold a seminar to help local financial services firms deal with CIMA’s regulatory inspections.
The seminar features an expert panel featuring industry professionals and senior members of CIMA’s onsite inspection team.
It aims to provide CEOs and compliance staff with a better understanding of how to prepare for and deal with issues surrounding CIMA inspections.
The event will be held at the Kimpton Resort on April 20 from 8:30 a.m. to noon.
“Having helped many firms to handle onsite inspections in the past, the experience does highlight some common mistakes and challenges that can negatively impact their onsite inspections experience,” said Paul Byles, director of FTS, the main presenter at the event.
Other speakers include Angela Mele and President of the Compliance Association Sandra Edun-Watler, both former CIMA employees, as well as Jordan McLean, senior analyst in CIMA’s Onsite Inspection Unit. In addition, other senior members of CIMA’s Onsite Inspection Unit will be present.
Kenton Tibbetts, Unit Deputy Head of CIMA’s Onsite Inspection Unit said the training opportunity helps in the overall onsite inspection process. “CIMA is happy to participate in this event because it helps for licensees to better understand our regulatory processes, including onsite inspection and its purpose,” Mr. Tibbetts said.
Anyone interested is encouraged to register at www.ftscayman.com before April 15, as spaces will be limited.
Logic branch closes for renovations
On Friday, April 14, Logic will close its Television Centre payment branch on Eclipse Drive for five weeks for a makeover.
Pamela Small, assistant vice president of sales, marketing and customer service, said, “We are excited to have the space to more efficiently serve our customers, which has always been our main priority, and provide a modern work environment for our staff.”
The renovation project is set to be completed by Monday, May 15, followed by a grand reopening on May 16.
Logic advises that, during the closure, customers can online payments through Butterfield Bank, Scotiabank, Cayman National Bank and the Royal Bank, or can process payments by mail at any post office, or by visiting Logic’s Governors Square Retail Centre.
Conyers welcomes new corporate associate
Conyers Dill & Pearman has appointed Ryan McConvey as associate in the corporate department of the firm’s Cayman Islands office, following his call to the bar of the Cayman Islands.
Mr. McConvey joined Conyers in September 2015 as an articled clerk, and passed four months of his articleship in the firm’s Hong Kong office. During this time, he gained international experience and hands-on training on Cayman-related matters, including mergers and acquisitions, listings of Cayman companies on the Stock Exchange of Hong Kong, contentious board and shareholder meetings and other general corporate and restructuring matters.
Kevin Butler, partner and head of the Cayman Islands office, said, “We are pleased to have Ryan continue his relationship with the firm as an associate. His secondment to Hong Kong provided him with unique exposure to wide-ranging and sophisticated legal work. This, in combination with the foundational experience gained during his articleship in Cayman, makes him a highly valued addition to our team.”