04/07/2022
JFSC: Update to Schedule 2 applications and registrations
The changes to the Supervisory Bodies Law affect Schedule 2 businesses holding a "Level 2" registration.
Regulation, Risk & Compliance
04/07/2022
Maples Group Supports NIO Inc. with its Secondary Listing in Hong Kong
A team of Finance lawyers based in the Group's Hong Kong office advised NIO on the Cayman Islands legal aspects of the transaction
04/06/2022
Understanding the significance of the zero hours contract exclusivity ban
The nature of a zero hours contract is that the individual has no guarantee that work will be provided to them
04/06/2022
Publication of a Guidance Note on the Money Laundering Reporting Officer
The FIAU has gained insight into how certain requirements raise difficulties
04/05/2022
Mergers between BVI companies and foreign companies
This guide examines the merger process between BVI companies and foreign companies.
04/05/2022
Global Registration Services Market Update - Q1 2022
The Financial Services and Markets Authority has published its regulatory fees for 2022
04/04/2022
CIMA revokes companies management licence of Imparato company
CIMA stated that RDI had also not submitted certificates of compliance for the same periods and failed to abide by the authority’s requests for documentation and information.
04/04/2022
Lasting Powers Of Attorney Come Into Force in Guernsey
A Health and Welfare LPA will only have effect where the Grantor lacks, or the Attorney reasonably believes that the Grantor lacks, capacity.
04/04/2022
Bermuda Mask Requirements Lifted for Most Businesses
Failure to comply with the Regulations is an offence and can result in fines and penalty tickets.
04/01/2022
Search for Russia/Belarus assets nets $1.6B company
Bahamas looking to join ranks of Cayman with FATF compliance
04/01/2022
BVI Voluntary Liquidations: What You Need to Know
The Maples Group's team of legal, fiduciary and fund services experts can provide a range of restructuring and liquidation services and guidance through the voluntary liquidations process for a BVI company.
04/01/2022
The Bahamas identifies $1.6bn of sanctioned Russians assets, hopeful of FATF up-rating
We have very few accounts and structures of sanctioned persons in The Bahamas," said Campbell.
04/01/2022
MOrsel: A Zero-Sum Game? Exclusivity and Employee Status in Jersey
This seemingly simple provision gives rise to a number of observations, starting with the definition given of a zero hours contract.
04/01/2022
Standardized format released to support reporting on digital platform sellers
The newly released Digital Platform Information (DPI) XML Schema may be used for the reporting and exchange of information under the original scope or the extended scope of the model rules.
03/31/2022
Interest Limitation Rules: Extended to Luxembourg EU Regulated Securitisation Vehicles
The draft law is expected to enter into force as of 1 January 2023.
03/31/2022
Luxembourg: ATAD III – Between fair objectives and uncertain outcome
ATAD III is subject to negotiation among all 27 member states and requires unanimous agreement for adoption.
03/31/2022
JP Morgan Seized a Russian Superyacht in Gibraltar
The investment bank won a court order that authorized the seizure of a $75 million superyacht owned by Russian billionaire Dmitry Pumpyansky.
03/31/2022
Global AML fines fall as regulators turn their attention to crypto
“This is reflective of the predominant focus global regulators have placed on ensuring AML measures are functioning robustly at the world’s major financial services institutions.
03/30/2022
Compliance with Beneficial Ownership Obligations by Company Service Providers
The thematic examinations yielded very positive results.
03/30/2022
Pensions regulations strengthened for Jersey islanders
Together, the two pieces of legislation mean that any retail advice given to local consumers about their pension arrangements will fall within financial regulation overseen by the Jersey Financial Services Commission.