07/13/2020
Self-Funding Model For ODPA In Guernsey
It is not surprising that core areas of implementation have taken priority, but nevertheless it is important to recognise this as a milestone development.
Regulation, Risk & Compliance
07/13/2020
Jersey to tap staycation seekers as island re-opens borders
Now more than ever, we believe that visitors will value our pristine beaches, uninterrupted coastal paths, unique hospitality and big spirit.
07/13/2020
Private investment funds in the BVI
The Securities and Investment Business (Amendment) Act, 2019 introduced a new supervisory regime for private investment funds in the British Virgin Islands with effect from 31 December 2019. For private investment funds existing prior to that date, the tr
07/12/2020
CSSF FAQ on protection of investors in case of NAV calculation errors and investment breaches
The purpose of the Circular is to set out the minimum rules of conduct to be followed by collective investment professionals in Luxembourg
07/10/2020
States of Guernsey approves ODPA self-funding model
This status allows the free-flow of data between the islands and the EU which is crucial to the Bailiwick’s current and future economic success.
07/10/2020
Ireland introduces central beneficial ownership register for some investment funds
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
GUERNSEY: March Quarter 2020 Investment Statistics
Over the past year, total net asset values have increased by £16.4 billion (7.6%).
07/10/2020
Outsourcing In A New Normal For Alternative Funds
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
Walkers Advises ABSA Bank and Africa Ex-Im in TAAG Financing
The Walkers team was led by Cayman Islands senior counsel Sarah Humpleby and associate Arleth Ebanks.
07/10/2020
Why choose an Isle of Man Closed-Ended Investment Company?
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
Channel Islands Employment Law Update - July 2020
Jersey Tribunal rules HR advisers not protected by legal privilege
07/09/2020
Ireland ESG Series - Part 4: Proposed Amendments to UCITS and AIFMs
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
3 Key Lessons From The FATF’s Report On Its Virtual Asset Review
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
Cayman Private Funds Law Amended
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
Financial Crime In Mauritius: Overview
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
Changes to the Cayman Islands Private Funds Law
The amendment is significant because it broadens materially the definition of “private fund” under the PFL.
07/08/2020
Amendments to the Cayman Islands Private Funds Law, 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
UN study says tourism-rich small island states like BVI could see massive GDP fallout from COVID
Findings show that the losses in GDP are approximately two to three times higher.
07/08/2020
Ireland Update: Establishment of Register of Beneficial Ownership of Unit Trusts, ICAVs and Credit Unions
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
KRA recovers Ksh.139 million from hidden offshore assets
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.