03/02/2015
Jersey to evolve QROPS legislation ‘step by step’
A former accountant, Gorst was recently re-elected as chief minister for a second term.
Regulation, Risk & Compliance
02/20/2015
Crestbridge report examines key AIFMD issues
Risk management, cost and changes in fund structuring are the key issues for managers and investors arising from the initial impact of the Alternative Investment Fund Managers Directive (AIFMD)
02/19/2015
New managed account regime for hedge fund managers
The exemption will enable fund managers that are already regulated under the Financial Services (Jersey) Law to carry out fund services business and service QSMAs without needing to seek additional regulation in order to conduct investment business under
02/18/2015
Regional finance ministers to meet in Bahamas
Caribbean finance ministers will meet here from Thursday for the Fourth Meeting of the Governors of the Caribbean Country Department of the Inter-American Development Bank.
02/16/2015
Concern raised on offshore pension transfers post-April
The new pension freedoms, set to come in from 6 April will apply to all UK money purchase pension schemes.
02/13/2015
Mauritius' KPMG tasked with restructuring BMIO, Seychelles Central Bank has announced
Work has started to implement the restructuring process of the Bank of Muscat International Offshore in Seychelles announced by the Central Bank of Seychelles in December last year.
02/13/2015
Jamaica: CAC head bemoans lack of cooperation from banks
Head of the Consumer Affairs Commission Dolsie Allen says the agency is still having difficulties getting certain information from financial institutions to assist with its work.
02/12/2015
Guernsey: How Is More Regulation Impacting Fund Distribution?
Dominic Wheatley, Chief Executive of Guernsey Finance, looks at the impact of regulations such as AIFMD have impacted the funds industry
02/12/2015
GFSC launches consultation paper on revising laws
The Guernsey Financial Services Commission (GFSC) has issued a formal consultation paper seeking feedback from the financial services industry on a number of proposals to amend the Bailiwick’s supervisory and regulatory laws.
02/10/2015
Private client structuring: private trust companies and private trust foundations
Guernsey is renowned for being one of the leading jurisdictions for fiduciary work having built a strong reputation over decades and providing private clients with the right wealth structures quickly and with a high degree of expertise and professionalism
02/10/2015
New China law targets tax avoidance offshore
The law would affect investment companies, analysts said, adding it would also have a significant impact on Hong Kong, a major hub for cross-border deals involving the mainland.
02/09/2015
How Can National Fund 1MDB lie to the people?
Party secretary-general Rafizi Ramli said both the central bank and Finance Ministry should act against the strategic development firm.
02/07/2015
Evidence gathering for JIFC gets underway
The Corporate Services Scrutiny Panel at the States of Jersey has begun gathering evidence for its Review of the planned development of a ‘Jersey International Finance Centre’
02/06/2015
Cyprus: The Alternative Investment Funds Law -Transitional Arrangements For Existing Funds
Following the entry into force of the Alternative Investment Funds Law of 2014 on 27 July the Cyprus Securities and Exchange Commission has issued guidance on a number of practical implementation issues.
02/05/2015
Labour: Donations from British Virgin Islands company
Ed Miliband insists no hypocrisy over offshore donation and admits he will 'probably' have to pay the Mansion Tax, which affects houses worth more than £2million
02/04/2015
Cayman Finance Welcomes Cayman Islands Government Stance On Beneficial Ownership
The changes that were being insisted upon were unreasonable
02/04/2015
Insurance Managers Association of Cayman: Cayman Enacts PIC Regulations
The Cayman Islands Insurance (Portfolio Insurance Companies) Regulations 2015 were passed Jan. 16, 2015
02/03/2015
Preparation leads Guernsey to regulatory success
Guernsey’s forward-thinking approach to international regulatory requirements has aided the success of its funds industry and raising its profile as an international finance centre, according to a panel discussion at the Guernsey Funds Masterclass i
02/02/2015
Industry praises Guernsey for meeting regulatory demands
Panellists at a Guernsey funds technical masterclass in London have praised the jurisdiction for its “progressive nature” in tackling international regulatory developments.
02/01/2015
Cayman Enacts PIC Regulations
The Cayman Islands Insurance (Portfolio Insurance Companies) (PIC) Regulations 2015 were passed 16 January 2015, along with related sections of The Insurance (Amendment) Law 2013