09/09/2022
New Registration Requirement for Cayman Entities That Own Property in the UK
Entities that disposed of property or land after 28 February 2022 will also need to register and provide details of that disposal.
Regulation, Risk & Compliance
09/08/2022
Guernsey legal and regulatory update September 2022
The original proposal was to include the new requirement in the form of 'guidance'
09/08/2022
Economic substance requirements for Jersey companies and LLCs
The Substance Law imposes economic substance requirements on companies and LLCs that are tax resident in Jersey that undertake relevant activities in respect of financial periods commencing on or after 1 January 2019.
09/08/2022
Updated Procedures for De-Registration of Cayman Islands Mutual Funds and Private Funds
The revised Procedures represent the outcome of a consultation process that CIMA has undertaken in order to simplify and standardise the de-registration process for regulated funds, so that mutual funds and private funds can terminate their registrations
09/08/2022
Cayman Grand Court permits joint provisional liquidators to control the timing of their discharge of office
Given that the restructuring had been achieved, the JPLs applied for their discharge and the Court acceded to that application.
09/08/2022
Stress-free conveyancing in Cayman
The Cayman Islands has a world-class land title registration system, with strict rules relating to documents and filings.
09/07/2022
GROW Jersey accelerates plans following £40,000 Lloyds Bank sponsorship
This new sponsorship will fund the purchase of much needed machinery and allow Grow Jersey to expand its services.
09/07/2022
We have made some enhancements to myRegistry, including the launch of the new Limited Liability Company Register
Users will now have the ability to register a limited liability company via myRegistry and file other updates via myRegistry.
09/06/2022
Minimum Wage Of Between $16 – $16.40
Hospitality workers who receive tips and gratuities and personal care workers who primarily receive remuneration through commission will have a minimum wage set at 75% of the ordinary minimum wage, equating to a fixed rate of between $12 and $12.30.
09/05/2022
CIBC FirstCaribbean International Bank ends operations in Dominica
Wellington noted that the bank is mindful of its continuing obligations to its team in Dominica and to their clients during the period of transition.
09/02/2022
Bermuda Insurance Code of Conduct and Independent Directors
This revised draft of the Insurance Code of Conduct comes into force on 1 September 2022
09/02/2022
Cayman Islands' new restructuring officer regime is now in force
Although the courts had been adept at adapting the provisional liquidation process for the purposes of restructuring, liquidation proceedings had been less than ideal for these purposes.
09/01/2022
Central Bank: Private sector loan arrears drop by $27m
“Banks’ total provisions for loan losses declined by $18.3 million (3.9 percent) to $447.9 million, in July,” the report read.
09/01/2022
Cayman National plans merger with Republic Bank Cayman
Following the mergers, Cayman National Bank and Cayman National Securities will remain as surviving entities.
09/01/2022
Waiting on remittance loading bonanza
One company has applied to provide service
08/31/2022
Going Up: Central Bank reports external reserves increase to just over $3.3 billion in July
According to the Central Bank, preliminary data on foreign currency sales for current account transactions showed a $99.7 million rise in outflows to $563.1 million in July
08/30/2022
CDB Partners with ECSRC to Bring Crowdfunding to Eastern Caribbean MSMEs
The project will also deliver a Crowdfunding Policy Framework developed by the ECSRC and a prototype for testing and fine tuning.
08/30/2022
Antigua: PM Gaston Browne calls for the removal of ECAB Chairman
Craig Walter is not ready for Primetime and they need to remove him as the Chairman and possibly remove him as the director," Browne asserted.
08/30/2022
JFSC proposes 12.9% fee rise for insurance businesses
The change will affect any person applying for or already holding a permit to undertake insurance business.
08/29/2022
How to deal with the JFSC and JFSC investigations
In this infographic, we share our top ten tips for dealing with regulatory investigations.