07/30/2021
Reforming a Cayman Islands STAR trust: A lesson in obsolescence
The written reasons recently released by the Court
Regulation, Risk & Compliance
07/30/2021
Demystifying VASPs in Crypto Compliance
This definition encompasses a range of crypto businesses, including exchanges, ATM operators, wallet custodians, and hedge funds.
07/29/2021
The Director Registration and Licensing Regime in the Cayman Islands
The DRLA also prescribes a licensing regime for corporate directors of Covered Entities.
07/29/2021
NFTs: Authenticity, accessibility and equitability in the art world
NFTs are units of data created and stored on blockchain technology.
07/29/2021
Dispute over CIFA finances following Cayman’s World Cup qualifiers
CIFA says player, staff payments were adequate following manager's criticism.
07/29/2021
IoD welcomes "more proportionate" border policy
The emergency decision-making body has now sidelined that idea in favour of lateral flow tests on arrival.
07/29/2021
JTC Comments: FCA Statement on SPACS
The consultation process was launched in April following a huge demand for SPAC listings in New York in 2020.
07/29/2021
Ireland Update: Imposing Pay Cuts without Employee Consultation or Consent
This may be due the general level of acceptance by staff that pay cuts were unavoidable given the unprecedented circumstances.
07/29/2021
Implications of the BVI Data Protection Act for Investment Funds
The remainder of this note focuses on the specific effect of the Act on investment funds.
07/28/2021
A new era of assertiveness for the UK regulator
Newgate Compliance (an Ocorian owned company) Managing Director, Traci Pham and Senior Consultant, Jay Pyne summarise the key points and what firms can do to plan ahead.
07/28/2021
Tax factsheet – The UK’s Statutory Residence Test
Considered at a high level, the SRT is relatively straightforward.
07/28/2021
The International Stock Exchange - new Listing Rules
In order to increase TISEA's competitive position in respect of bonds issued under programmes, lifetime fees will be charged which will vary according to specific circumstances.
07/28/2021
Jersey Employment Law Update: Paid leave, holidays and time limits
A recent case from the Jersey Employment Tribunal focuses on two issues – entitlement to paid bank holidays, and claims for unpaid holidays.
07/28/2021
A Rapidly Changing Picture for Financial Services
A common theme to emerge from our recent virtual one-day conference was the dramatic pace of change that is underway.
07/28/2021
Central Bank of Ireland Issues Revised AML and CFT Guidelines: Key Changes
The CBI has made a number of key changes to Chapter 6 on 'Governance', placing the main focus on the board's responsibility in ensuring effective governance and AML / CFT compliance.
07/28/2021
Effective Compliance Requires Robust Monitoring
The challenge to designing and implementing a compliance monitoring programme is the significant resource, time and commitment required, those on the course heard.
07/27/2021
Unauthorized: SCB warns RAY-E Securities Investment Company not registered entity
Commission cautions public against conducting business with unlicensed/unregistered entities
07/27/2021
Trust Essentials: July 2021
The past year has been a difficult and unsettling one for many.
07/26/2021
Medicinal cannabis growth to be permitted in Guernsey
The move follows a memorandum of understanding with the UK Home Office, Guernsey States announced.
07/26/2021
£200m Government loan approved to help finance £568m States plan
An amendment aiming to stop Equal Pay for Work of Equal Value from being put on the back burner was voted out by the smallest of margins.