07/10/2020
The regulations for funds follow the introduction of a Central Register of Beneficial Ownership (CRBO) for companies last year, with this register overseen by the Companies Registration Office.
07/10/2020
Over the past year, total net asset values have increased by £16.4 billion (7.6%).
07/10/2020
It has been recognised that outsourcing key functions to an agile specialist service partner can derive significant benefits and the COVID-19 pandemic should help simplify and accelerate this trend.
07/10/2020
The Walkers team was led by Cayman Islands senior counsel Sarah Humpleby and associate Arleth Ebanks.
07/10/2020
The Isle of Man’s dynamic regulatory regime makes it a jurisdiction of choice for CICs, thanks to its flexible legislative framework and the criteria required to keep CICs outside the scope of funds legislation.
07/10/2020
Jersey Tribunal rules HR advisers not protected by legal privilege
07/09/2020
On 8 June 2020, the European Commission published draft delegated acts relating to amendments to legislation governing UCITS; AIFMs; insurers; and investment firms and advisers.
07/09/2020
According to the FATF’s report, 32 jurisdictions that it surveyed have imposed anti-money laundering and countering the financing of terrorism regulation on the virtual asset sector.
07/09/2020
These changes expand the scope of the definitions in the PFL and may bring into scope vehicles previously excluded, so careful consideration should be given to these changes.
07/09/2020
Further to their search powers, police officers can seize any incriminating articles which they believe has been obtained by means of an offence or used in the commission of an offence. Such articles must be produced in court at trial.
07/08/2020
The amendment is significant because it broadens materially the definition of “private fund” under the PFL.
07/08/2020
On 7 July, the Private Funds Law, 2020 was amended changing the definition of a 'private fund' to both clarify the position for certain entity types and to extend its scope to additional entities.
07/08/2020
Findings show that the losses in GDP are approximately two to three times higher.
07/08/2020
The 2020 Regulations also amend the definition of “beneficial owner” in relation to Unit Trusts including to clarify that there will be a “greater than 25 per cent” threshold when determining whether a unitholder is deemed to be a
07/08/2020
Countries that are destinations for these flows, including financial centres in Europe, Asia, America, the Caribbean and Pacific, now participate, said KRA’s Commissioner General Githii Mburu.
07/08/2020
The team works frequently with local government, regulators and industry bodies to develop responses to the challenges of globalisation and regulation, with a focus on producing effective solutions for clients.
07/08/2020
The scope of the Private Funds Law, 2020, which introduced fundamental changes to the regulation of Cayman Islands closed-ended funds earlier this year, has been expanded by the Private Funds (Amendment) Law, 2020.
07/08/2020
The cost of the coronavirus crisis means governments want to reduce tax avoidance by business
07/08/2020
The GFSC has issued a public statement in relation to a local licensee, and two individuals, for failing to fulfil the minimum criteria for licensing under the Protection of Investors
07/08/2020
The reforms are designed to help the Bailiwick maintain an environment where the sector can continue to grow as we recover from Covid-19 restrictions.