Managers of Wealth Offshore

Apex Group partners with VCP Advisors to create Apex VCP

The joint venture further supports the Group’s expansion strategy for global fund marketing and distribution services.

Economy Department launched

This completes the Target Operating Model implementation for this part of the public service, is in line with the One Government structure set out in 2018, and falls within current budgetary constraints.

Rachel Guthrie sworn in as the latest Notary Public at Mourant

As a Notary Public, Rachel, Alison and Rob are able to authenticate and certify documents, transactions and information for use anywhere in the world.

In The Spotlight - International Data Transfers: New Transfer SCCs

Failure to put in place the New Transfer SCCs may result in complaints, reputation damage and regulatory enforcement actions including administrative fines and/or transfer prohibitions.

Ogier's Environmental Impact Policy

This policy sets out Ogier's approach to improving its environmental performance beyond its legal obligations and will be updated as we develop our approach to environmental sustainability.

Data Protection Act Enters Into Force in the BVI

It also applies to non-BVI entities that use equipment in the BVI for processing personal data otherwise than for the purposes of transit of data through the BVI.

Highest number of data protection breach reports since 2019

The ODPA is encouraging all local businesses and organisations to take action on these preventable incidents which so often arise due to human error.

GFSC Director General William Mason to open Governance Guernsey 2021

“This year’s conference is, therefore, focussing on how companies can create a sustainable future."

Further CRS powers in Guernsey

The Bulletin issued on 13 September can be found here.

FSC issues crowdfunding rules to take SME support in Mauritius to the next level

Both frameworks will foster innovation and facilitate access to finance to SMEs

Fund finance: regional perspectives and updates

The global fund finance market has shown much resilience over the last 18 months and as we head into the last few months of 2021, our team offer their thoughts and insights on what we are seeing in each of our regions.

New filing and deadline for Cayman Islands private funds

For all private funds with a financial year end up to 31 March 2021 the date for filing the FAR form has been extended to 31 October 2021.

Revisions to regulatory laws

Most of the changes are minor in nature and do not set out any material policy changes from the previous rules and guidance.

Bank Recovery and Resolution: Progress

The Law will bring Jersey’s banking legislation into line with changes made by the European Union’s Bank Recovery and Resolution Directive 2014/59/EU (BRRD)

Cayman Private Fund Annual Return and Related Fund Entity Deadlines Extended ( Final-Extension )

The filing due date for the Forms for private funds with a financial year-end of 30 April 2021 and later will continue to be 6 months following such financial year-end.

Notary fined €62,000 for breaching anti-money laundering rules

UBO shortcomings among main reasons FATF greylisted Malta

Resealing of Foreign Grants of Probate in the BVI – New Act brings welcome Clarity

After the death of the shareholder, any BVI shares will be effectively frozen; voting rights will likely be suspended and the BVI company will be unable to distribute any dividends paid on the shares because no one will be authorised to give a good receip

Regulation, Risk & Compliance