05/18/2022
Jersey was specifically noted to not have fully adopted measures with respect to due diligence on the selection of custodians/third parties and regarding disclosing the asset protection regime afforded for investments in overseas jurisdictions.
05/18/2022
These emails were sent to members of Industry who are or may be providing services to the supervised persons listed below, regarding the consolidated handbook.
05/17/2022
Over £1bn of Russian assets frozen in Jersey
While less than £5m has been seized in Guernsey
05/17/2022
US tops financial secrecy ranking as G7 countries upend global progress on transparency
The G7 countries’ undermining of global transparency has further fuelled calls by leading economists for a UN tax convention
05/17/2022
BMA extends data call deadline
Upon closer review, questions five to six requesting details of other internationally-sanctioned jurisdictions are not relevant for this exercise; therefore, the Authority has omitted these sections.
05/17/2022
Close-out netting and set-off provisions for BVI, Cayman Islands, Guernsey, Jersey and Luxembourg counterparties
As a result, financial institutions are reacquainting themselves with protectionist financial contracts, for example, interest rate hedging and swap contracts.
05/17/2022
EU Proposal for further interest limitated rules - the impact on international business
The implementation and final form of the draft Directive is subject to unanimous consent by all EU Member States.
05/16/2022
Under section 8(1)(a) of the Act, a company or a foreign company is insolvent if it fails to comply with the requirements of a statutory demand that has not been set aside under section 157.
05/15/2022
Minister Ebanks highlighted the Cayman Islands Government's significant progress
05/13/2022
Regulatory and legislative change, including the US Volcker Rule, has also incentivised the use of share trustees over recent years.
05/13/2022
During the course of 2022, Part V of the Cayman Islands Companies Act (the "Companies Act") will be amended to introduce a new restructuring officer regime available to companies in financial distress, which can be accessed without the need to p
05/13/2022
Asset allocation details are also required, but there is no need to set out specific details of individual investments.
05/13/2022
As a member of TNFD Forum, the Commission intends to contribute to the TNFD’s ongoing innovative work
05/13/2022
The extension is as a result of unplanned technical maintenance.
05/12/2022
The field work by the GFSC predates the conflict and thus has not assessed the hard work firms have put into implementing sanctions brought into effect as a consequence of the Russian invasion of Ukraine.
05/12/2022
"This has long been more than just business in Russia, but the structures associated with the aggressive Russian state."
05/12/2022
Ogier successfully appeared for BDO and Creditforce, and obtained an indemnity costs order against a trustee previously found to have misappropriated trust assets.
05/11/2022
The latest results from the Jersey Financial Services Commission, report the net asset value of regulated funds under administration in Jersey, stood at £440.1bn at the end of Q3 2021.
05/10/2022
New Charities Law to be introduced in Guernsey
Guernsey is introducing legislation to regulate the charitable sector.
05/10/2022
This announcement is the latest in a series of high profile appointments for Apex in the thriving Japanese alternative investment market