CRS Regime 2.0: Cayman Islands PPOC Requirement

Following our recent legal update, CRS Regime 2.0: Key Amendments Effective 2026-2027, significant amendments to the Common Reporting Standard (“CRS”) regime were introduced through the Tax Information Authority (International Tax Compliance) (Common Reporting Standard) (Amendment) Regulations, 2025, most of which are effective 1 January 2026.

Key Amendment: Cayman Islands-Based Principal Point of Contact

Under the new regulations, all Financial Institutions (“FIs”) must appoint a Principal Point of Contact (“PPOC”) located in the Cayman Islands.

1. Existing FIs registered before 1 January 2026 must notify the Tax Information Authority (the “TIA”) of their Cayman Islands-based PPOC by 31 January 2027 via a change form.
2. FIs that commenced activities in 2025 but have not registered by 1 January 2026 must register with the TIA and notify the Cayman Islands-based PPOC by 30 April 2026.
3. FIs commencing activities in 2026 must register with the TIA and notify the Cayman Islands-based PPOC by 1 January 2027.

How We Can Help

The Maples Group is pleased to offer a tailored solution for this Cayman Islands-based PPOC requirement to work in with your existing CRS arrangements, in additional to our full-service Automatic Exchange of Information (AEOI) offerings.

For more details or to discuss your compliance needs, please reach out to one of the contributors or your usual Maples Group contact.