What does the Cayman Islands IGA really mean for the asset management industry?

October 2013
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What does the Cayman Islands IGA really mean for the asset management industry?

At a glance

This alert addresses FATCA and the recent negotiation of the IGA between the United States and the Cayman Islands. Through a series of FAQs, this alert describes what the Cayman/US IGA means for the asset management industry by addressing some of the more relevant implications of the Cayman/US IGA for asset managers based on the IGAs signed to date.

While many countries are contemplating or have signed IGAs (Intergovernmental Agreements) with the US Treasury, the initialling of the Cayman/US IGA is one of the more significant developments for the asset management industry. The aim of this alert is to help asset managers understand the implications of the Cayman/US IGA, and to prepare them to analyze the impact of the IGA and other guidance once it is made public.