Managers of Wealth Offshore

Launch of Strategic Capacity Scheme

The Isle of Man Government will be offering a tiered range of financial support, based on average revenue per room and occupancy rates

Treasury Minister Provides Update on Measures Being Taken to Protect Manx Economy

Minister Cannan said: ‘Since I spoke a week ago today, events have happened at a rapid speed and we have, to all intents and purposes, closed down large parts of our domestic economy.

Third reprimand issued by Guernsey's Data Protection Authority

The Channel Islands Financial Ombudsman has been given a formal reprimand by the Office of Data Protection Authority (the Authority). This is the third public reprimand that the Authority has issued to date.

Working Through the Lockdown

In both social and business environments this is a community event being faced as a community.

Banks adopt alphabetical service system

The Credit Union hours of operation are Monday-Friday, 9am to 1pm, with 9-10am designated for the elderly and immune-compromised only.

Bermuda to crack down on unscrupulous employers

The move comes as the government is still being “inundated on a daily basis” with complaints from employees who fear losing their jobs for refusing to come into the office.

Jersey: Protecting your business and securing your workforce – key decisions to get you through COVID-19

The Co-Funded Payroll Scheme aims to support staff in sectors hardest hit, such as hospitality, tourism and construction, who may be facing lay off without pay for many weeks.

Cayman Islands Private Funds Law Briefing Note

Both private funds incorporated or established in the Cayman Islands and those seeking commitments from Cayman investors are in scope.

BVI economic substance – ITA issues updates regarding compliance and reporting following Covid-19 outbreak

The ITA has emphasised that this is a temporary arrangement and urged entities to otherwise comply with full substance requirements

Director duties in difficult times – practical advice for directors of a BVI company facing financial trouble

A BVI company may be insolvent on a cash flow or balance sheet basis.

Cayman Finance: Industry is showing resilience

He urged member firms and their employees to comply with the measures announced by the government.

States-back loan guarantee scheme launched to provide further financial support to Bailiwick businesses

This scheme will play a large part in helping some businesses get the fast support that they need.

IoD announces support for Guernsey business leaders

The committee hopes to understand the immediate impact of the pandemic on local organisations

Mutual funds in the Cayman Islands

The Mutual Funds Law contemplates five categories of regulated mutual funds: (1) licensed mutual funds, (2) administered mutual funds, (3) registered mutual funds, (4) limited investor funds and (5) EU connected funds.

Third reprimand issued by Guernsey's Data Protection Authority

The Channel Islands Financial Ombudsman (CIFO) has been given a formal reprimand by the Office of Data Protection Authority (the Authority). This is the third public reprimand that the Authority has issued to date.

The Commission releases Two New FAQs regarding the provision of Signatures:

The Commission has received a number of enquiries from licensees who are working, with limited IT capacity, from home.

COVID-19: Audi, McDonald’s And Other Brands Redesign Logo To Promote ‘social Distancing’

Meanwhile, several corporate brands have come up with innovative ideas to promote the message of social distancing at the time of the public health crisis.

Extensions Given for Annual Returns and Economic Substance Notifications

Due to the circumstances, the Cayman Islands Government is considering a number of ways and has taken a number of initiatives to ensure that ‘business as usual’ can continue in these unusual times.

Update on Extensions to Cayman Islands Filing Deadlines and Other Measures

The extension will apply to all companies, including limited liability companies and foundation companies.

Government of Jersey - Stay at Home Order - Essential workers in Financial Services

Please note these essential workers arrangements do not apply to all financial services sectors.

Regulation, Risk & Compliance