07/23/2021
Cayman Regulatory Update - Q3 2021
All partnerships will be required to make an ES notification, including local partnerships and investment funds which are otherwise excluded.
07/23/2021
Caribbean Cayman Regulatory Update - Q3 2021
The BVI have introduced a new package of legislation to provide a robust framework for anti-money laundering
07/23/2021
The updates and reminders included in the bulletin covered the key areas described below.
07/23/2021
The Registrar also circulated a draft copy of the revised ES guidance notes, which explain the changes included in the ES Amendment Act 2021.
07/23/2021
The name of the firm remains the same
07/21/2021
Isle of Man refreshes AML strategy
The Isle of Man has increasing success in this area
07/21/2021
Grappling with new risks on the register
Two recent reports may be helpful to shed light on the broader context to help understand the changing risk landscape.
07/21/2021
BMA licenses six re/insurance entities in June
It takes the full number of BMA registrations for 2021 to 39, of which eight were intermediaries.
07/21/2021
Onsite inspections may be full scope, involving a review of all areas of the licensee's operations
07/21/2021
This briefing summarises the main findings of the CBI and the steps that market participants should take now to address their obligations and to achieve the standard of compliance expected by the CBI.
07/20/2021
Mauritius now 17th country in Global Index repository for banks, with MBA’s support
Mauritius was an early adopter.
07/20/2021
Treasury issues ‘priorities’ required by AML Act, experts cite minimal value to compliance
The priorities reflect the U.S. government’s view of the threat landscape
07/20/2021
“Endlessly evolving standards” responsible for 10% hike in GFSC fees
The Commission has invested £3.6 million in its IT system over the past three years to keep up with technological developments and prepare for a major international inspection, expected in 2023.
07/20/2021
The Updated Guidelines list a number of steps that the Board should take in order to meet the necessary standard of governance and oversight.
07/19/2021
‘Corporate Housekeeping’ - Re-domiciliation of Equiom Group Holding Companies
Established in the Isle of Man in 1978, Equiom now has a truly global footprint with 18 offices around the world and employs close to 600 staff.
07/19/2021
Malta’s true colours beyond grey
Local businesses were the main drivers of this evolution and today we measure our business ecosystem against the highest international standards.
07/19/2021
New ESMA Guidelines For Fund Marketing Communications
The Guidelines have been issued in the context of the new EU regime on the cross-border distribution of investment funds
07/19/2021
The additional income provided by the proposed fee increase would be invested in increasing staffing numbers within key areas of the Commission, such as the Authorisations Division where we are seeing an increase in applications.
07/19/2021
Finally, the CSSF has highlighted the non-application of the article 28-4 of the LFS to professionals carrying out activities whose taking up and pursuit are governed by special laws, including notably UCIs, SIFs, pension funds, SICARs and securitisation
07/19/2021
The requirements will be set out in updated codes of practice applicable, respectively, to certified funds, fund services businesses and investment businesses as well as in the updated Jersey Private Fund Guide.