07/05/2021
The JFSC has just announced that, from 15 July 2021, or 17 January 2022 for existing funds and Jersey investment businesses, new disclosure requirements will be introduced into the Codes of Practice for Certified Funds
07/05/2021
Jersey’s finance industry has always been ready to evolve to meet new international norms and changing regulatory standards and it has done so effectively in the past.
07/05/2021
The new trust law, due to be published for consultation this summer following approval, will make it possible to settle a trust in Switzerland under Swiss law.
07/02/2021
All partnerships, irrespective of formation date, will be required to notify the Tax Information Authority on or before January in each year of their operations in the jurisdiction during the prior year.
07/02/2021
As with companies, the Regulations do not apply to collective investment vehicles structured as partnerships, unless they are self-managed.
07/02/2021
Pillar Two seeks to put a floor on competition over corporate income tax, through the introduction of a global minimum corporate tax rate that countries can use to protect their tax bases.
07/02/2021
The Authority is currently investigating whether Binance, the Binance Group, Binance Holdings Limited or any other company affiliated with this group of companies has any activities operating in or from within the Cayman Islands
07/02/2021
It is settled law nowadays that this principle also extends to discretionary trusts, at least where the beneficial class is closed.
07/02/2021
The 1 January 2020 retroactive effective date for the anti-hybrid rules is causing concern for taxpayers and their advisors.
07/02/2021
Cayman Islands restructuring provisional liquidation is a powerful debt restructuring tool.
07/02/2021
The following rules will continue to apply notwithstanding any provision to the contrary in the articles of association of the relevant company
07/01/2021
We anticipate the biggest impact will be on the private equity industry, as well as other parts of the investment management sector that make common use of partnerships
07/01/2021
The topic has never been more pertinent, with continued regulatory and investor focus on ensuring robust fund governance.
07/01/2021
The Minister for External Relations also intends to make an Order specifying the jurisdictions to which this change will apply, based on the outcomes of mutual evaluation reports carried out against the FATF Standards.
07/01/2021
The introduction of these changes send a clear message that the Isle of Man is a responsible and responsive jurisdiction committed to following international financial standards.
07/01/2021
Grandfathering provisions were introduced to ensure a smooth transition into the new global business framework
07/01/2021
Both regulations came into force on 30 June 2021.
06/30/2021
A Cayman trust may be revocable or irrevocable.
06/30/2021
The inaugural all-day event will be held on 22 July
06/30/2021
Auditor consent letters must now be submitted with the registration application.