Managers of Wealth Offshore

BOJ’s tightening dilemma

This is because the Government of Jamaica has relatively limited capacity to provide meaningful economic stimulus that could coax the economy out of a recession.

100% pass rate for Jersey and Isle of Man financial services staff

The internationally recognised qualification is studied over nine months and equips students with a thorough understanding of the regulation of financial services.

British Virgin Islands Private Trust Companies

This is a corporate trustee established for the purpose of acting as trustee of a specific trust or trusts

Insurers and Insurance Managers: Review & Reset Items

Note that if a company remains in ‘enquiries pending’ for an uninterrupted period of not less than three months, that is treated as prima facie evidence that a breach has occurred and a fine may be issued.

Jersey employment update - zero hours contract consultation and Employment and Discrimination Tribunal annual report synopsis

The vast majority of the determined cases saw the claim being heard within 6 months

BMA Issue Warning About Renfrew Capital

The Authority has found that the content on the webpages has been copied directly from regulated financial service providers, which is not typical of legitimate websites.

Channel Islands Funds Quarterly Update: Q2 2022

The States Assembly has approved a package of amendments to the Limited Partnerships (Jersey) Law 1994, the culmination of a cross-industry project to modernise and clarify aspects of the law.

Welcome Enhancements to the QIAIF Pre-Submission Process

The Central Bank does not commit to any specific time-frame within which to review a pre-submission

Ocorian targets strategic expansion in €3.88 trillion Irish funds market

In addition, they are also targeting existing managers that are looking for a higher level of expert client service and single point of accountability for their relationship.

Jersey agrees 2.9% pay rise for majority of public sector workers

The rises follow concerns about the cost of living - with inflation set to reach 6% by the end of the year.

JTC And Charles Russell Speechlys Partner To Provide Governance Support

The outsourcing agreement between the two firms leverages the depth of experience and expertise within JTC to support and enhance the governance offering of CRS.

Banks warned over 400% fee increases

If passed, the new laws will allow for the regulation of banking fees, similar to provisions that exist in other major countries.

Ontario regulator’s warning due to ‘misunderstanding’ - Relm

FSRA stated: “It has been reported that Relm Insurance Limited is advertising the sale of insurance products in Ontario without a valid licence.”

Ontario regulator warns Relm is unlicensed

Relm also reinsured the US’s first cryptocurrency insurance product for retail wallet holders.

TISE update to Continuing Obligations Listings Rules - July 2022

The submission of financial information by an issuer on an annual basis has been streamlined.

Bank Of Jamaica Further Tightens Monetary Policy

The Bank also decided to continue pursuing other measures to contain Jamaican dollar liquidity expansion and maintain relative stability in the foreign exchange market.

Barbados’ debt trap is real, says Wood

Conversely, he noted Dr Howard, a retired Professor of Economics and specialist in Public Finance, had serious reservations about Barbados’ ability to repay the IMF loan based on the current economic trajectory of the Mottley administration.

Ministry rejects ‘dirty money’ suggestions made in UK probe

Malta's checks among 'most robust in world'

Regulator clarifies expectations of telecoms operators with 999 Guidance

The purpose of the Guidance is to clarify expectations on telecoms operators that have a licence condition obligation to provide an emergency calls service.

JFSC increases selected fees by 11% from 1st July

The Fund Services Business fees will also be increased by 11.1% however; the proposed change of control fees will not be implemented.

Regulation, Risk & Compliance