07/26/2022
Snapshot: how does the JFSC gather information - and is it protected?
This briefing summarises various ways in which the JFSC gathers the information it needs, and outlines the extent of the protections afforded to that information.
Regulation, Risk & Compliance
07/26/2022
Snapshot: being open and cooperative with the JFSC - what does it involve and why does it matter?
The significance that the JFSC places on compliance with the duty of candour is clear from various disciplinary outcomes over time, and it is therefore important that firms have a good understanding of what this duty requires of them.
07/25/2022
“Some of these mandates… are in the wrong place”
The panel spent most of the time discussing the pros and cons of runway extensions and the progress Aurigny has made in trying to break even.
07/25/2022
From one policy mistake to another
Prices have ballooned at grocery stores and gas stations, directly impacting US consumer confidence, which has dropped to its lowest level in more than a year as inflation continues to dampen economic sentiments.
07/22/2022
Cayman Compliance and Regulatory Updates – Q2 2022
Regulated entities must ensure that their sanctions compliance programmes remain fit-for-purpose and contain mechanisms that allow them to quickly respond to the complex, far-reaching and swift changes to Targeted Financial Sanctions.
07/22/2022
Ogier experts underline need for forward thinking as gender pay gap reporting evolves
They were joined by keynote speaker Daphne Romney QC of Cloisters, who highlighted that reporting gender pay gap information was a complex area that needed to be backed up by subsequent action if it was to be effective.
07/22/2022
Antigua Government accuses local bank ECAB of frustrating attempts at divestment
The government already controls 25 percent of the ECAB, and Browne said “they continue to frustrate the government for years now.
07/22/2022
Time to assess independence and separation of powers in Cayman
Independence must exist in theory and in fact between courts, Parliament and other arms of government
07/21/2022
BMA amendment fixes fee error
It also seeks to correct fees incorrectly stated in the principal act to ensure that all fees previously consulted on by the BMA are correctly referenced.
07/21/2022
Antiguan Govt accuses local bank of frustrating attempts at divestment
The government already controls 25 per cent of the ECAB and Browne said “they continue to frustrate the government for years now.
07/21/2022
Ireland's New Corporate Enforcement Authority
The powers and functions of the CEA, which include the investigation of suspected breaches of company law by companies and their officers and enforcement, including by the prosecution of offences, are materially the same as those of the ODCE.
07/21/2022
GFSC consults on fees for 2023
This has been despite evolving and increasing regulatory standards that have led many other regulatory bodies to levy significantly higher fees.
07/21/2022
MOrsel: Draft Prevention of Discrimination (Guernsey) Ordinance, 2022 submitted to the Legislation Review Panel
A few important amendments have been made to this latest draft
07/21/2022
Judicial Review in the Cayman Islands
This guide examines the framework for judicial review proceedings in the Cayman Islands.
07/21/2022
Save the date for Guernsey's new discrimination laws - 1 October 2023
This will give employers over 12 months to "get their heads around" the legal obligations contained in the legislation and implement the steps necessary to ensure compliance when it comes into effect.
07/20/2022
Guernsey Approves New Virtual Asset Service Provider & Consumer Lending Law
Certain exemptions do apply
07/19/2022
Jamaica moves to develop risk financing policy for catastrophe bonds
Arising from the direction of the policy will be the presentation of the Catastrophe Bond to consider the projected frequency and intensity of severe natural hazards
07/19/2022
NBD will no longer pursue the purchase of FCIB operations in Dominica
The Chairman noted NBD remains ever conscious of, and sensitive to, its unique importance to Dominica’s banking industry and the entire economy and added that the Bank will continue to strive to respond successfully to the responsibility to which it
07/19/2022
Digicel signs partnership with St Vincent and the Grenadines
The deal through the National Telecommunications Regulatory Commission connects Vincentians to opportunities
07/19/2022
Dutch central bank fines Binance 3.3M euro for operating without registration
The registration application is currently under review.