09/09/2022
According to information from the CIMA, 55% of the VASPs registered in Cayman are trading platforms with a daily transaction volume of USD5.1 billion (2 to 3% of total global volumes).
09/09/2022
The Substance Law was amended on 1 September 2022 to extend its application to limited liability companies
09/09/2022
Entities that disposed of property or land after 28 February 2022 will also need to register and provide details of that disposal.
09/08/2022
The original proposal was to include the new requirement in the form of 'guidance'
09/08/2022
The Substance Law imposes economic substance requirements on companies and LLCs that are tax resident in Jersey that undertake relevant activities in respect of financial periods commencing on or after 1 January 2019.
09/08/2022
The revised Procedures represent the outcome of a consultation process that CIMA has undertaken in order to simplify and standardise the de-registration process for regulated funds, so that mutual funds and private funds can terminate their registrations
09/08/2022
Given that the restructuring had been achieved, the JPLs applied for their discharge and the Court acceded to that application.
09/08/2022
The Cayman Islands has a world-class land title registration system, with strict rules relating to documents and filings.
09/07/2022
This new sponsorship will fund the purchase of much needed machinery and allow Grow Jersey to expand its services.
09/07/2022
Users will now have the ability to register a limited liability company via myRegistry and file other updates via myRegistry.
09/06/2022
Hospitality workers who receive tips and gratuities and personal care workers who primarily receive remuneration through commission will have a minimum wage set at 75% of the ordinary minimum wage, equating to a fixed rate of between $12 and $12.30.
09/05/2022
Wellington noted that the bank is mindful of its continuing obligations to its team in Dominica and to their clients during the period of transition.
09/02/2022
This revised draft of the Insurance Code of Conduct comes into force on 1 September 2022
09/02/2022
Although the courts had been adept at adapting the provisional liquidation process for the purposes of restructuring, liquidation proceedings had been less than ideal for these purposes.
09/01/2022
“Banks’ total provisions for loan losses declined by $18.3 million (3.9 percent) to $447.9 million, in July,” the report read.
09/01/2022
Following the mergers, Cayman National Bank and Cayman National Securities will remain as surviving entities.
09/01/2022
One company has applied to provide service
08/31/2022
According to the Central Bank, preliminary data on foreign currency sales for current account transactions showed a $99.7 million rise in outflows to $563.1 million in July
08/30/2022
The project will also deliver a Crowdfunding Policy Framework developed by the ECSRC and a prototype for testing and fine tuning.
08/30/2022
Craig Walter is not ready for Primetime and they need to remove him as the Chairman and possibly remove him as the director," Browne asserted.