A Cayman Islands Monetary Authority report indicates that, compared with 2014, in 2015 the number of Class B, C and D captive licences fell from 760 to 708, a significant decrease of 52. 2015 saw Class B, C and D captive licences newly established, numbering 25.

    Compared with 2014, the number of pure captives fell from 415 to 369, a decrease of 46. The number of group captives stood at 124, down 5 from the previous year, and the number of segregated portfolio companies decreased by 1 to 140. There are currently 28 active special purpose vehicles.

    The Cayman Islands Monetary Authority pointed out that the sharp decline in the number of pure captives is mainly due to a regulatory clean-up, with the regulator strengthening its requirements for and review of regulatory documentation.