Revised Fee Structure – Effective January 1, 2026

Overview
CIIPA’s revised fee structure takes effect on January 1, 2026. This update reflects the increased scope of CIIPA’s regulatory responsibilities, including enhanced quality assurance, due diligence, and oversight obligations. The previous fees were set in 2016, and the changes ensure CIIPA remains sustainable, fair, and aligned with global standards.

The revised structure introduces application fees across all categories, integrates quality assurance oversight into firm fees, and modestly adjusts membership and practitioner fees to reflect administrative costs.

1. Regular and Associate Membership

• Annual Membership Fee: KYD $200 (previously $150)

• Application/Registration Fee (non-refundable): KYD $100  (new)

• First-year membership fee:  KYD $100

• Reinstatement Fee: KYD $200

These changes ensure that membership application and processing costs are recovered fairly, addressing administrative inefficiencies from incomplete or withdrawn applications.  NOTE:  Applications will not be considered without the application fee.

2. Licensed Practitioners (LP)

• Annual Licensing Fee: KYD $5,000 (unchanged)

• Application Fee (non-refundable): KYD $750 (previously $250)

The LP application process involves significant administrative review and due diligence. The revised application fee helps offset those costs while keeping the annual licence fee steady.  NOTE:  Applications will not be considered without the application fee.

3. Firm Registration (Including Quality Assurance Oversight)

• Application Fee (non-refundable): KYD 2,000 (previously $500)

• Annual Firm Fee: KYD $4,500 base + KYD $1,000 per Licensed Practitioner

This model consolidates registration and Quality Assurance (QA) costs into one predictable annual fee.
Previously, QA reviews were billed per day, which created uneven costs and limited flexibility. The new structure distributes QA costs more fairly across firms and supports risk-based review scheduling — introducing an element of surprise that enhances the effectiveness of oversight.

Please note: Any revisits required following a QA review will be charged in addition to the annual firm fee.

Why These Changes Were Needed

• Fee levels had not been updated since 2016.

• CIIPA’s regulatory and quality oversight responsibilities have expanded significantly, including closer collaboration with the Cayman Islands Monetary Authority (CIMA) and compliance with international standards.

• Inflation has increased by more than 34% since the last update.

• The new structure promotes fairness, simplifies administration, and ensures long-term financial sustainability.

Implementation Timeline

• Consultation and Review: July–September 2025

• Final Approval: October 2025

• Effective Date: January 1, 2026