CIMA

“Registered with CIMA” needs a category

A Cayman company, securities licensee and Securities Investment Business Registered Person are different things. Identify which record belongs to the company signing your agreement before relying on a regulatory badge.

CIMA’s securities overview covers investment business in or from the Cayman Islands. Its authorisation requirements distinguish licensing from Schedule 4 registration and excluded activities. A company incorporation certificate does not answer that securities-authorisation question.

The official legislation index lists the 2020 principal Act, subsequent amendments and 2026 regulations. The 2024 amendment specifies broker-dealer, market maker, securities advisor, arranger and manager categories and addresses restricted licences. Read restrictions rather than assuming every licensee performs every activity.

Schedule 4 in the principal legislation includes group-exclusive business, business exclusively for specified sophisticated/high-net-worth clients, and certain business regulated by a recognised overseas authority. The category applying to a particular Registered Person must be established separately. This guide does not assess an applicant’s financial eligibility or interpret every amendment.

Do not copy the old “Excluded Person” disclaimer

CIMA’s FAQ retains historical Excluded Person material alongside the transition to Registered Persons. Its 8 May 2025 inspection circular describes supervision of Registered Persons, including risk-based AML inspections. The 31 December 2025 notice adds a prudential information survey for 2025, submitted in January–March 2026, alongside the annual declaration. Calling all current Registered Persons “unregulated” would miss those later publications; calling them unrestricted retail licensees would also miss their registration basis.

MultiBank: resolve the company and number before relying on the row

The numbers do not match. FXCN’s linked MultiBank record below contains CIMA number 1442313, last verified in that record on 25 May 2026, without a named contracting entity. MultiBank’s own materials identify MEX Atlantic Corporation with CIMA number 1811316. The old row is not a current authorisation confirmation.

The provider’s group website identifies MEX Atlantic Corporation as its Cayman entity. Its social-trading portal disclosure states company number 354945 and licence number 1811316. Those are provider disclosures, not an independently retrieved current CIMA entity result. They also do not establish which group company would contract with a new applicant.

A check you can repeat with your agreement

1. Start with the contract name. If it says MEX Atlantic Corporation, search that name; if it names another MultiBank company, investigate that company instead. Keep the incorporation number separate from the claimed securities number.
2. Open CIMA’s actual regulated-entity search. It accepts the full or partial entity name and a sector selection, including “All”. Read the result’s Reference Number, Name, Type, Status Effective Date and Status together.
3. Reconcile the difference. Obtain the current official result for the contract entity and ask the provider to explain any conflicting number or company. Keep the dated result and answer with the agreement. Do not treat a similar brand name as a match.
4. Verify the destination separately. Match the website and payment recipient through independently obtained company contacts. A genuine number copied into a message does not authenticate its sender or payment instructions.

On 9 October, the official search opened in our browser but required a verification challenge and displayed a site-side verification-quota warning. An ordinary name search did not return a usable entity result. We therefore have not independently confirmed the current status of either number. An unavailable result does not establish that a firm is unlicensed. The FXCN MultiBank profile and its historical score still need their own complete review.

Client money, business insurance and a payout guarantee differ

The 2026 Conduct of Business Regulations apply to licensees, subject to the provisions in regulation 3. Regulations 37–45 address client-money handling, accounting and segregation. Generally, client money must enter a client bank account by the next business day, or be paid out as permitted. There are exceptions, including professional clients or market counterparties who opt out in writing, and provisions for transaction/collateral money held by an intermediary.

Regulation 4 requires appropriate professional-indemnity, officers’ professional-liability and business-interruption insurance. This is not a fixed government payout to every client. Regulation 5(2) prohibits a licensee from suggesting its licensed status means CIMA or the government indemnifies business losses.

Ask which client classification, segregation arrangements, bank/intermediary and insurance terms apply to your agreement. Segregation does not eliminate investment losses or establish an individual insolvency recovery amount. This review has not audited a provider’s bank balances or independently verified a client’s compensation eligibility.

MultiBank’s group website advertises insurance associated with MEX Atlantic. A marketing headline is insufficient to establish an individual claim: obtain the current policy, covered legal entity, insured event, limit, exclusions and claim procedure. The portal’s risk disclosure separately warns that losses can exceed deposited funds. Neither disclosure establishes that a particular account has negative balance protection, or that insurance covers its trading losses.

Prepare a supervisory complaint without assuming recovery

CIMA’s policy for complaints against supervised entities says to approach the entity first and retain proof of reasonable attempts to resolve the matter. A submission needs your name, contact details and supporting evidence.

The policy generally uses one year from actual or reasonably expected awareness, with discretion for delayed submissions. It states acknowledgement within five business days. Neither guarantees an investigation, decision date or recovery.

CIMA investigates supervisory concerns; this process cannot arbitrate individual disputes or compel compensation. Findings may remain confidential. The securities overview separately explains that under section 18 CIMA can apply to the Grand Court for injunction, restitution or disgorgement orders. That enforcement power is different from a customer receiving an automatic award by submitting a form.

Use the official complaints page and select the route against a regulated entity. Complaints about CIMA itself use a separate policy. Obtain advice on your agreement, forum and legal deadlines for a recovery dispute; this reporting period does not establish other proceedings’ deadlines.

Keep original account statements, payment receipts, withdrawal requests and responses. For suspected theft or fraud, the policy also identifies police reporting. An FXCN report does not submit to CIMA, start court proceedings or preserve a legal deadline.

A recent warning shows why the exact entity matters

In its 14 September 2026 notice about AIX Secure SPV Ltd, CIMA states that this named entity is not, and has never been, authorised by it to conduct securities investment business in or from Cayman. The notice directs concerned people to financial-crime or regulatory enforcement authorities in their jurisdictions.

This warning concerns that exact entity. It is not evidence about MultiBank or other similarly described providers. Check both a claimed current registration and relevant official notices; absence from a warning list alone does not prove authorisation. If a claimed entity cannot be reconciled to the official record, resolve the mismatch before relying on the badge or sending funds.

Questions and boundaries of this review

The CIMA search interface was opened directly on 9 October 2026; its entity verification remained unavailable. Legislation, supervisory publications and provider disclosures were reviewed through retrieved primary-source text. No trading account, withdrawal, insurance claim or complaint was tested or submitted. Sources accompany the relevant claims. Other languages, individual broker scores and complete licence histories require separate review. Send a factual correction.