06/04/2020
European Single Electronic Format Regulation Requirements
ESEF is a technical format. It doesn’t prompt new information to be produced, it’s about making existing information available in both human-readable and machine-readable forms.
Regulation, Risk & Compliance
06/04/2020
Jersey, Guernsey & Cayman as jurisdictions for fund liquidity solutions
The current environment could generate a range of different capital requirements
06/03/2020
Guernsey investment firms enter administration
Financial watchdog said it was ‘acting to protect the interests of investors’
06/03/2020
The Bahamas Plans to Reopen for Tourism in July
The reopening will come in several phases.
06/03/2020
Redomiciling to the BVI: A wise choice for many companies in the COVID-19 era
The BVI Business Companies Act, 2004 (the Act) permits just that.
06/02/2020
ITA issues notifications for policies and procedures
A BVI FIs policies and procedures must detail how the FI complies with the requirements outlined in the Act.
06/02/2020
HMRC task forces collect £540 million in extra tax revenue
HMRC currently has over 200 active task forces focusing on sectors of the market where its intelligence suggests tax evasion and tax avoidance need addressing
06/01/2020
Bermuda copying Cayman’s pension cash-out
Savers who are applying to withdraw 25% of their account balance must be 65 or older, retired and no longer working.
06/01/2020
Carey Olsen advises Hiscox on LSE capital raising
Working alongside onshore counsel Allen & Overy, the cross-jurisdictional Carey Olsen team was led in Bermuda by partner Mary Ward
06/01/2020
Changes to Jersey family friendly legislation – Proposed implementation date of 28 June 2020
On the basis that Amendment No 11 comes into force on 28 June 2020 (a Sunday), the new parental leave and pay rights will apply to those whose expected week of childbirth or adoption falls on or after 5 July 2020.
05/31/2020
Regulatory authorities making ‘significant progress’ in effectiveness against money laundering
The FIAU has also reportedly made strides to improve.
05/31/2020
Turks and Caicos Ministry reminds bosses of their obligations
Anyone who fails to comply with the conditions contained within their work permits commits an offence and is subject to prosecution.
05/29/2020
Extension of FATCA and CRS filing deadlines in Guernsey
The Revenue Service are therefore amending the previously notified reporting dates.
05/29/2020
Practical Effects Of Significant Reforms To Guernsey’s Insolvency Law
The Ordinance extends insolvency professionals’ powers in four important respects.
05/29/2020
Arrivals in Bermuda to be allowed to self quarantine
Meanwhile, all beaches, parks and nature reserves will be closed from 8:00 pm to 6:00 am for the duration of the Bermuda Day Holiday from May 29-31.
05/29/2020
Can Apply For Pension Funds Starting June 1st
This option has been put in place as part of a Covid-19 economic relief programme to assist persons negatively affected by this pandemic. T
05/29/2020
LatAm, Caribbean countries call for new governance, rules for financing
Mottley called for more incorporating new clauses in debt instruments to help avoid a sovereign debt crises.
05/28/2020
The Funds Download: Episode two - A shadow over the global economy.
They relive the events of the financial crises of 2008/2009 and examine what valuable lessons were learnt by the Funds industry as a result.
05/28/2020
Austrian Private Client Taxation 101: Private Foundations
From a corporate law perspective, a private foundation is a legal entity without owners or shareholders
05/28/2020
HSBC mulls close or sale of Malta branch
This comes about as the HSBC board is working on the biggest restructuring in the bank’s 155-year history after deciding that the coronavirus crisis required more drastic measures.