Citco Fund Services (“CFS”) is pleased to announce, that for the year ended September 30, 2015, it has successfully received SOC 1 Type #2 certification from an independent auditing firm for the twelfth consecutive year. The examination in respect of the processes and controls within CFS resulted in the provision of an unqualified audit opinion from the independent audit firm.

The Companies (Amendment) Law 2015 will enter into force on 2 November 2015. This amendment law, which passed in the legislative assembly last 12 August, requires companies to notify the Cayman Islands Registrar of Companies of changes in the information contained in the register of directors and officers, within 60 days of the change.

This legislation was introduced to comply with a European Union (EU) Anti-Money Laundering Directive that is aimed at increasing transparency with respect to real ownership of corporate entities.

Malaysia has introduced legislation to update its Companies Act and replace the existing Act of 1965 that will introduce major changes to the Malaysian corporate law and regulations.