08/15/2023
Regulator tells banks closure practices are “unacceptable”
Lenders have been encouraged to converse with the regulator if they have any concerns with local rules or guidance
Regulation, Risk & Compliance
08/15/2023
Migration of foreign limited partnerships into Jersey
The Regulations permit a foreign limited partnership to continue in Jersey as a limited partnership under the Limited Partnerships (Jersey) Law 1994, provided certain conditions are met.
08/15/2023
Trustees and other fiduciaries – consideration of Guernsey's lending, credit and finance law
As a reminder, the purpose of the LCF Law is to regulate consumer credit and finance business
08/15/2023
An overview of Jersey funds: Comparative table
All funds are subject to Jersey's internationally compliant laws and regulations in respect of the prevention and detection of money laundering and the financing of terrorism.
08/14/2023
BMA registers four new insurers
The BMA noted that the registration/licensing of approved insurance entities is issued after the IALC application process and may be confirmed in future periods.
08/14/2023
Blacklist escape 'very big deal' for insurance
The Government has voiced optimism that The Bahamas will be removed from the EU's blacklist in October, which is vital to the Bahamian insurance industry securing continued German reinsurance support.
08/11/2023
Cayman Court reaffirms requirements for sanctioning a scheme of arrangement
The purpose of the scheme was to privatise and de-list the Company from the Hong Kong Stock Exchange.
08/11/2023
Cayman’s crypto crime wave
The Cayman Islands Bureau of Financial Investigation was created to meet international pressure for the island to be more proactive in fighting global financial crime.
08/11/2023
Regulatory & Risk Advisory Review: Cayman Islands – May to July 2023
We have also included some recent articles from the wider Conyers team which provide further insight into industry trends and market news.
08/10/2023
Registration of Foreign Companies in the Cayman Islands
Before proceeding with the registration of a foreign company in the Cayman Islands, persons are advised to consult their tax, legal and other professional advisers in their respective jurisdictions.
08/10/2023
Reinstating your Jersey company, what you need to know
If the company is to “do” anything or if the shares in the company are intended to be sold, then the company must first be reinstated.
08/10/2023
Improved trading standards law in force soon
The legislation was voted through the States in March of this year
08/09/2023
Isle of Man bans fossil fuel heating in new buildings
Plans to move away from fossil fuel heating systems in new builds from 2025 were announced in 2020 as part of the consultation for the Climate Change Bill.
08/09/2023
Trading Standards Ordinance to be enacted in October
Combined with proportionate enforcement powers, these provisions introduce a robust statutory framework of fair trading which will support the efficient operation of the retail marketplace, both on Guernsey and through online transactions.
08/09/2023
Bermuda considers corporate income tax
Therefore it would be evident that Bermuda finds itself at a pivotal point and must consider how we can adapt to these impending changes to global tax rules.
08/09/2023
AML/CFT guidance for registered directors
This guidance is being issued in draft form to allow for addressing any technical issues with the guidance which could hinder or prevent a registered director complying with their AML/CFT obligations.
08/09/2023
Regulator puts Vesttoo collateralised insurer into liquidation
Israel-based Vesttoo, which at one point was valued at more than $1 billion, used artificial intelligence to match investors and cedants of insurance.
08/09/2023
Saffery Champness staff member certified as ‘Carbon Literate’
The qualification gives people an insight into the science behind climate change and how businesses can mitigate their impact on the environment.
08/08/2023
Ariel Re increases cyber capability with expanded partnership
This enables us to communicate more effectively with all stakeholders
08/07/2023
The new JFSC outsourcing policy: are you in scope?
The Policy will apply to a broader range of regulated entities and includes updates to take account of Jersey’s evolving regulatory framework.