Managers of Wealth Offshore

Cayman Islands Foundation Companies

This guide sets out the key features of foundation companies and how they are formed and operated.

EMIR REFIT - Impact on Irish Investment Funds

There will be a six-month transition period to update reports for outstanding derivatives trades to comply with the new requirements.

Maximising Efficiency in Fund Termination Through Liquidating Trusts in Mauritius

Beneficiaries of the liquidating trust include investors and creditors, with distributions following predetermined priorities specified in the Fund’s constitutional documents.

Calls made to replace controversial planning rule

Developers have warned the draft policy could be inflationary and increase the cost of housing locally.

Cayman Islands Update: CRS Reporting Requirements

The DITC noted that the Tax Information Authority (International Tax Compliance) (Common Reporting Standard) Regulations (As Revised) require DoB reporting.

Revenue paid £600k+ in late repayment 'interest' in 2023

The figure was £195,143 in 2021.

Money market report for the week ended April 5

Information on ECB monetary operations and the domestic Treasury bill market

The new Employment Agencies Regulations

Regulations cover three main relevant activities carried out in Malta

Fleming ordered to proceed with JRG Re purchase

The dispute between James River and Fleming went to litigation in the New York County Supreme Court last month.

Experts conclude government foiled attempted cyber attack

Deloitte brought in for a 'deep dive analysis'

CIMA's Rule and Statement of Guidance on Records for Company Management licensees

The Rule and SOG does not extend to regulated mutual funds and private funds.

Embracing new payment platforms as opportunities rather than threats is crucial

Are platforms complying enough and is the current regulation encouraging them to comply?

Telecoms regulator plans 999 guidance update

The proposed changes to the Authority’s 999 guidance reflect the new code of practice and clarify expectations relating to some of its provisions.

ECB hints at rate cut in June

Malta International Airport plc moved 0.8% lower to the €5.85 level on two trades of 7,200 shares. The company is soon expected to publish its Q1 traffic results.

IDB approves US$60 million conditional credit line for Bahamas sustainable development projects

This program aims to help around 120 small and medium enterprises (MSMEs) on the Family Islands by offering them financial support and technical guidance.

BOJ issues ABM service standards for banks

Monthly reports on the performance of each DTI’s fleet of ABMs will be published with a two-month lag.

Jersey Court creates a new exception to the revenue rule

The revenue rule still stands in Jersey

Is this the end for GP11?

This includes removing the need for public consultations, lengthy planning inquiries and independent inspectorates.

External reserves see $111 million boost in February

However, net inflows from the public sector moderated to $16.8 million, down from $75.8 million in the comparable 2023 period,” the regulator noted.

Consultation Paper on Unclaimed Money under the Protection of Investors (Bailiwick of Guernsey) Law, 2020

The Thematic Review identified that Unclaimed Money is not dealt with in a consistent manner

Regulation, Risk & Compliance