Cayman Islands Monetary Authority - Ann Rep 05-06

According to the Cayman Islands Monetary Authority's Annual Report 2005-2006, the CIMA's core business of licensing and supervision continues to grow.

"As at 30 June 2006 we were overseeing in excess of 10,600 licensees/registrants, some eight percent above the 9,906 forecasted. The 2006 figure included 735 captive insurers, 277 Class B banking licensees, and 7,845 licensed, administered and registered funds. Licensing activity generated $54 million (US$64.8m) in fees for the Government, two

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