In an e ffort to promote greater transparency within the financial industry, The Con fidential Information Disclosure Law, 2016 (the “Law”), was passed in the Cayman Islands Gazette on 22nd July 2016. It has the e ffect of repealing the Confi dential Relationships (Preservation) Law (2015 Revision) (the “CRPL”), sometimes unfairly referred to as Cayman’s secrecy law. The Law applies to professionals on whom a duty of con fidentiality is imposed by law or contract.
