11/29/2022
There were some noteworthy announcements coming out of COP27, especially about the importance of biodiversity, which I think were significant for Bermuda, in relation to our coral reefs.
11/28/2022
This is proposed as a practical and proportionate solution to deliver on the recommendation.
11/28/2022
All capital and risk transfer resources currently available to Fidelis brokers and clients will continue to be available, ensuring a seamless transition from the current to new structure.
11/28/2022
Bermuda has a comprehensive central register of beneficial ownership information, which is held and maintained by the Bermuda Monetary Authority.
11/28/2022
The EFCB has been operating since June 2021 under administrative provisions, however the new Law provides clarity around its role and functions.
11/25/2022
Of primary note, the 2022 Act requires that all entities initially in scope must have and maintain internal reporting channels and investigation procedures that comply with its requirements from 1 January 2023.
11/25/2022
It remains to be seen whether legislation regulating this area more widely will follow, perhaps modelled on the LCF Law.
11/25/2022
The Policy & Resources Committee is therefore proposing changes which would see a registration framework extended to directors who come under the ‘six directorship’ exemption.
11/24/2022
“Before you invest or borrow a single dollar, make sure that you investigate and understand the regulations covering your sector,” said Beckles.
11/24/2022
FDM was incorporated in the Commonwealth of The Bahamas on 22 July 2021; it was duly registered as a digital asset business under The Bahamas’ Digital Assets and Registered Exchanges Act, 2020.
11/24/2022
Once assets are settled into a foundation by a founder, the assets belong to the foundation
11/24/2022
The MoU paves the way for the three risk pools to collaborate on sharing best practices in parametric insurance models
11/23/2022
It is expected that P&R will use that platform to explain how it will propose a goods and services tax (GST) at a rate of 5% or 8% on most, if not all, consumer purchases.
11/23/2022
With effect from 1 January 2023, a company that is struck off the Register will be deemed dissolved on the date that the Registrar of Corporate Affairs publishes a striking off notice in the Gazette.
11/23/2022
The report looks at the overall performance of the Bermuda captive sector over the course of 2021.
11/22/2022
He said the government is making strides in lowering its own electricity costs by implementing energy-efficient street lighting and continuing its rooftop solar projects.
11/22/2022
The implosion of FTX and its local subsidiary, FTX Digital Markets is not believed to pose any widespread risk to the country’s financial system.
11/21/2022
The Fawcett Society said its research showed that during 2022 women will, on average, take home £564 less than men each month, up from £536 in 2021.
11/21/2022
The LCF Law also regulates 'services ancillary to credit' including assisting by undertaking preparatory work
11/21/2022
The MoU signing between Africa Import-Export Bank and the Ministry of Bahamas seems to be a good beginning to new relations with like-minded countries which are bearing the brunt of Western diktats