Managers of Wealth Offshore

JFSC proposes 12.9% fee rise for insurance businesses

The change will affect any person applying for or already holding a permit to undertake insurance business.

How to deal with the JFSC and JFSC investigations

In this infographic, we share our top ten tips for dealing with regulatory investigations.

Plans afoot for phased increase to pension contributions

Labour Minister Chris Saunders said the contribution of 10%, which is paid between staff and employers, is insufficient and must increase, but this will most likely be through 0.5% annual increments that won’t start until 2024 and will come with far

Householders’ Right To Renewable Energy Policy Now In Operation in Barbados

The benefits include reduced electricity bills and the potential for householders to earn revenue from the system installed, if their output is greater than usage.

Mexico And Barbados To Explore Other Areas Of Cooperation

Ambassador of Mexico to Barbados, Victor Hugo Morales Meléndez, paid a courtesy call on the Acting Prime Minister at Ilaro Court recently, where the two counterparts held wide-ranging talks on a number of areas.

Time to Register on the Register of Overseas Entities

This new legislation applies to any company or similar entity that is incorporated outside of the UK and broadly apply to any freehold or leasehold property in the UK. Please read our previous update for further information.

Cayman Islands modernises merger and consolidation schemes of arrangement

A Cayman Islands scheme of arrangement can be proposed between a company and its Shareholders or any class of them for the reconstruction of any company or companies or the amalgamation of any two or more companies.

Compre continues to build MedMal specialism

Compre has over 30 years of experience in the acquisition and management of discontinued and legacy non-life insurance and reinsurance business.

CoinZoom Expands International Footprint with Cryptocurrency Trading License from Bermuda Monetary Authority

License will further exchange’s mission of bringing crypto to the masses by providing a secure, compliant platform to offer additional services such as Margin Trading

Mauritius: Public Consultation – Financial Services (Global Shared Services) Rules To Be Issued Under The Financial Services Act

As part of its ongoing objective for regulatory transparency, the FSC is inviting industry stakeholders and the public to provide their views and comments

UK FCA issues clarification on IFPR and SM&CR

This was to retain the definition in the FCA’s rules following deletion of the IFPRU sourcebook.

Electricity price freeze until March next year

Volatility in energy markets has seen a surge in the cost of fossil fuels since the Russian invasion of Ukraine in February.

Satabank is set to be liquidated

Millions of euros still due to be returned to the bank’s creditors

The Protected Disclosures (Amendment) Act 2022 – Prepare for Implementation

It was signed into law on 21 July 2022 and is due to come into force shortly.

Local community backs Sustainable Finance Week with plethora of fringe events

Headline sponsors PwC and RBSi will be hosting events, with PwC exploring emerging nature based frameworks and opportunities, and RBSi will explain the role for alternative Investment funds in the transition to net-zero.

Inflation trending down

The CPI, which measures variations (inflationary movements) in commodity prices for consumers, is administered by the Statistical Institute of Jamaica (STATIN).

St Kitts-Nevis will not have a passive foreign affairs policy-Douglas

Douglas said he was humbled to serve in his new capacity and expressed gratitude to the Nevis Premier, Mark Brantley, who served as foreign affairs minister in the last coalition administration.

Guernsey liquidations

The purpose of these general meetings is for the liquidator to provide an account of their conduct of winding up during the year.

CIBC closing Palmdale branch

She said letters have been sent to clients informing of the closure and alternate arrangements put in place.

Stablehouse changes rate structure for investors

The new rates will go live on August 25.

Regulation, Risk & Compliance