Managers of Wealth Offshore

Telecoms regulator plans 999 guidance update

The proposed changes to the Authority’s 999 guidance reflect the new code of practice and clarify expectations relating to some of its provisions.

ECB hints at rate cut in June

Malta International Airport plc moved 0.8% lower to the €5.85 level on two trades of 7,200 shares. The company is soon expected to publish its Q1 traffic results.

IDB approves US$60 million conditional credit line for Bahamas sustainable development projects

This program aims to help around 120 small and medium enterprises (MSMEs) on the Family Islands by offering them financial support and technical guidance.

BOJ issues ABM service standards for banks

Monthly reports on the performance of each DTI’s fleet of ABMs will be published with a two-month lag.

Jersey Court creates a new exception to the revenue rule

The revenue rule still stands in Jersey

Is this the end for GP11?

This includes removing the need for public consultations, lengthy planning inquiries and independent inspectorates.

External reserves see $111 million boost in February

However, net inflows from the public sector moderated to $16.8 million, down from $75.8 million in the comparable 2023 period,” the regulator noted.

Consultation Paper on Unclaimed Money under the Protection of Investors (Bailiwick of Guernsey) Law, 2020

The Thematic Review identified that Unclaimed Money is not dealt with in a consistent manner

MAPFRE MSV Life plc declares 2023 bonuses

Regular bonus of 2.5% (net of tax in the hands of the policyholders) on core products

Central Bank's Regulatory and Supervisory Outlook Report 2004

The report was accompanied by a letter to the Minister for Finance

Short term holiday lets in Jersey

The 2024 Order amends the General Development Order so that a dwelling (or part of it) can be used as accommodation for visitors without the need for planning permission

Legal update: Changes to the Employment (Jersey) Law 2003: new parental bereavement rights

The bereavement leave is available to mothers and fathers

Jersey Private Funds maintain appeal while bank deposits climb against backdrop of difficult market conditions

Corporate activity also remained positive with a total of 35,379 companies on Jersey’s register at the end of the year

Bahamas central bank reduces exchange controls on some transactions

The current transactions are mostly trade-related.

America should look to the Caribbean for crypto regulation

Operating in America’s regulation-by-enforcement environment is akin to building a house without a blueprint

The outlook for rate cuts

Expectations for the first rate cut are currently being postponed by three months

United States and Barbados partner to improve court system efficiency

Chief Justice Cheltenham expressed gratitude at the project launch.

Cayman Islands Schemes of Arrangement now available for Exempted Limited Partnerships using the Restructuring Officer Regime

With the increasing use of the restructuring officer regime in the Cayman Islands

Changes to payroll tax legislation approved in Senate

The amendment allows those hired between that period and March 31, 2026 to be included under the waiver

Walkers advises on Jersey’s first tokenisation platform

Our team advised Backed Finance AG on all Jersey legal and regulatory aspects in forming the Jersey issuer of tokenised assets

Regulation, Risk & Compliance