07/19/2021
The additional income provided by the proposed fee increase would be invested in increasing staffing numbers within key areas of the Commission, such as the Authorisations Division where we are seeing an increase in applications.
07/19/2021
Finally, the CSSF has highlighted the non-application of the article 28-4 of the LFS to professionals carrying out activities whose taking up and pursuit are governed by special laws, including notably UCIs, SIFs, pension funds, SICARs and securitisation
07/19/2021
The requirements will be set out in updated codes of practice applicable, respectively, to certified funds, fund services businesses and investment businesses as well as in the updated Jersey Private Fund Guide.
07/19/2021
A theme highlighted is that Guernsey's ability to lead on innovation is made possible by the expertise of Guernsey's service providers and its regulatory regime.
07/16/2021
The guide includes information on market structure
07/16/2021
Data protection regime introduced in the BVI
Limited partnerships without legal personality should also prepare for the DPA as they may fall within scope by virtue of being 'established' in the BVI.
07/16/2021
This will commonly be some form of serious bad faith or impropriety on the part of the director, causatively linked to the applicant unnecessarily incurring costs in the litigation.
07/16/2021
GFSC Director General William Mason said: “We were happy to see the Guernsey Green Funds regime working to protect investors from greenwashing and to be able to take on board feedback by liberalising a couple of aspects of the reporting regime to re
07/16/2021
Businesses will need to keep abreast of developments or enlist the support of a third party who can keep them informed, or even handle compliance obligations on their behalf.
07/16/2021
For the avoidance of any confusion, it does not discuss the recent adoption of intra-EEA controller to processor standard contractual clauses under Article 28(7) of the GDPR.
07/16/2021
US flags Maltese pension plans as ‘potentially abusive’
Government body warns they may be facilitating tax avoidance
07/16/2021
In that sense, these changes support Jersey Finance’s 2030 Vision and overall strategy for sustainable finance, ensuring that Jersey plays its part in the global transition to a more sustainable finance system.
07/16/2021
The development will support companies seeking to scale and grow their venture into Asia-Pacific by offering through their international business expansion experts, serving as a central point of contact across services.
07/15/2021
Recent Updates of the Cayman Islands Economic Substance Regime bring certain partnerships into scope
This expansion of the regime’s scope necessitated amendments to certain key terms in the Schedule to the ES Act (e.g. broadening of the definitions of “entity” and “relevant entity”) and the addition of new terms.
07/15/2021
Economic substance for the British Virgin Islands
The Act applies to existing entities and new entities incorporated or formed from 1 January 2019.
07/15/2021
Walkers Professional Services is available to assist entities to file economic substance declarations where required under the ES Act.
07/15/2021
The changes will be introduced on a staggered basis, beginning with larger employers.
07/15/2021
The bonds were settled using Replexus’ unique ILS Blockchain.
07/15/2021
This means that where an individual held shares in a company incorporated in the BVI, the grant of representation will be required in order to deal with those company shares.
07/15/2021
Other notable developments include the CSSF’s updated guidance on granting loans to the public and updates to its UCITS and AIFM FAQs, the publication of a Circular on remote working as well as further EU sustainable finance developments.