10/15/2021
JTC Shortlisted for Best use of Regtech Award
RegTech is the management of regulatory processes within the financial industry through technology.
Regulation, Risk & Compliance
10/15/2021
Central bank targets large merchants for digital wallets
The push to deepen the mobile money market forms part of the drive to introduce a central bank digital currency, a Jamaican CBDC, into the economy, and reduce cash usage.
10/15/2021
‘Technology outpacing legislation’ in Bermuda
She gave an example of one client trying to create a financial technology company.
10/14/2021
Why the Cayman Islands is a preferred jurisdiction for family offices
The primary sources of the government’s revenues are derived from stamp duty taxes on property transactions, imports, work permits and tourism.
10/14/2021
Guernsey short-term worker permits extended
Extending employment permits from five to seven years "should help" and waiving the cost of permits for new arrivals should be "welcome news" for employers wanting to bring new staff to the island.
10/14/2021
Cayman limited partner protections
The fund documentation invariably contains extensive details of the general partner's rights, powers and protections.
10/14/2021
SRA publishes report on anti-money laundering
Our anti-money laundering work
10/14/2021
New Bermuda ILS marketplace registers
The regulatory sandbox provides “an innovation track” for companies to test new technologies
10/13/2021
New exemptions align Jersey’s prospectus rules with familiar UK/EU exemptions
The changes are an important step in modernising Jersey’s prospectus regime while still maintaining its integrity and its fundamental role in protecting investors.
10/13/2021
Global perspectives: current trends and outlook for the leveraged loan market
With market leading banking and finance lawyers working from nine offices throughout these regions
10/13/2021
Fiduciary Duty in the 21st Century: ESG, B Corps and a legal revolution
The sustainable- and impact-minded revolution, which incorporates concepts like ESG but also things like B Corporations, has gathered huge momentum in recent years.
10/13/2021
Will Guernsey’s regulated ESG funds end greenwashing?
This is often linked to the scarcity of data provided by portfolio companies – and highlights the need for them to work with asset managers on a consistent, pragmatic but ambitious approach to ESG.
10/13/2021
Ombudsman fights data breaches
It provides a legal framework to ensure any breaches are punished and it’s a role that falls to Ombudsman Sandy Hermiston and her team, who take this function very seriously.
10/13/2021
Jersey Court declines to follow Bermuda Court on the role of protectors
The Court also commented that full and open discussion is expected between trustee and protector
10/13/2021
Apex Group closes acquisition of ARM Swiss Representatives
ASR’s integration into the Group will enable clients to benefit from Apex’s international footprint
10/12/2021
Caribbean Regulatory Update - Q4 2021
The Financial Investigation Agency Act, 2003 has been amended to enhance the FIA's supervisory powers in relation to financial institutions
10/12/2021
Cayman Islands funds: economic substance notification filings for partnerships
Notwithstanding this expansion, an investment fund structured as a Cayman Islands exempted limited partnership is exempt from the requirement to meet any economic substance test in Cayman
10/11/2021
Administrative fines: The process and possible responses
In this Update, we examine the administrative fines process and the steps that can be taken in response to a breach notice.
10/11/2021
Guernsey's new bespoke private wealth structure
Trusts have long been the “go to” structure for the holding of family wealth for its protection and for passing it on to future generations.
10/08/2021
GFSC: Revised rules, codes and guidance
The new and amended laws also aim to eliminate inconsistencies between the regulatory laws which should help to create efficiencies for industry and the Commission.