Managers of Wealth Offshore

Amendments to Cayman Islands company law coming into force

The Amendment Act removes this requirement by allowing capital reductions without court approval, where permitted by the company’s articles of association.

Jersey Electricity announces spring 2026 tariff rise of 2.5%

This increase reflects a pricing strategy that continues to benchmark well for our community.

Weaknesses found in Cayman VASPs’ custody controls

The authority noted that such gaps increase the risk of mismanagement, operational failures, internal fraud and security breaches.

New Vesttoo filing targets Aon’s Bermuda managers

For the first time, the trustee is framing the misconduct as violations of Bermuda statutes, including the Insurance Manager Code of Conduct

FATF Fifth Round Mutual Evaluation – are you ready?

FSPs should review and assess their own policies, procedures, systems and controls ahead of this evaluation.

Landmark Ruling on Shareholders’ Misrepresentation Claims in Company Liquidations: The Houldsworth Rule Modified for the Cayman Islands

The rule in Houldsworth will therefore apply in the modified form which Segal J explained in Direct Lending in relation to liquidations of Cayman Islands companies

Cayman banks implement new global wire transfer standard

Customers receiving international wires must also ensure senders have the correct correspondent bank routing details for the currency being sent.

CIMA finds governance gaps across virtual assets sector

The authority found that more than a quarter of the entities reviewed did not meet minimum board composition requirements.

FRA introduces annual frozen assets reporting requirement

The requirement is to provide an annual frozen assets report to the governor with details of these assets,” the FRA stated in the notice, adding that first reports are due by 30 November.

Anglin announces massive fee hikes

The Compass will have a more detailed analysis in the coming week, but we highlight some of the most notable below.

Cayman’s digital asset businesses prepare for evaluation

In 2024, Cayman amended its VASP Act, aiming to become more compliant with task force regulations

Jersey’s proposed minimum wage for 2026 announced

Minister for Social Security, Deputy Lyndsay Feltham said: “This proposed increase is another important step in ensuring that employees are paid fairly in Jersey."

Bermuda Monetary Authority Advances Landmark Embedded Supervision Initiative To Architect Real-Time Regulatory Oversight For DeFi

The BMA’s Innovation Hub continues to serve as a collaborative environment where industry, academia, and technology providers can test emerging solutions under real-world regulatory parameters.

Regulation, Risk & Compliance

Amendments to Cayman Islands company law coming into force

Jersey Electricity announces spring 2026 tariff rise of 2.5%

Weaknesses found in Cayman VASPs’ custody controls

New Vesttoo filing targets Aon’s Bermuda managers

FATF Fifth Round Mutual Evaluation – are you ready?

Landmark Ruling on Shareholders’ Misrepresentation Claims in Company Liquidations: The Houldsworth Rule Modified for the Cayman Islands

Cayman banks implement new global wire transfer standard

CIMA finds governance gaps across virtual assets sector

FRA introduces annual frozen assets reporting requirement

Anglin announces massive fee hikes

Cayman’s digital asset businesses prepare for evaluation

Jersey’s proposed minimum wage for 2026 announced

Bermuda Monetary Authority Advances Landmark Embedded Supervision Initiative To Architect Real-Time Regulatory Oversight For DeFi

EU plans for financial markets reform

CIMA deploys transition period for new fund de-registration system

Regulator detects 142 breaches by licensees

Secondary pension minimum contribution increasing

Cayman seeks UK approval to join Paris climate treaty

Companies law changes to allow faster capital reductions

Banks streamline services as account opening times improve, Central Bank survey finds