Managers of Wealth Offshore

Greylist stops all Malta business on Praemium global investment platform

Global digital investment platform Praemium terminates all forms of business for Malta-based relationships and transactions

CRS Compliance Forms – Don't miss the deadline

All financial institutions with CRS reporting obligations, including trustee documented trusts, are obliged to file the CRS Compliance Forms.

JTC Launches new Fintech Compliance Solution for MAR

The company recognised the need for a platform which helps protect both investors and clients alike and selected InsiderList.com’s MAR compliance solution for both their own requirements as a PLC and an administrator of listed clients.

Cross-Border Distribution of Funds 101

Part 4 - Fund passporting de-notification process

BAHAMAS: Who Owns Firms Given Govt Covid Contracts? – Auditor General Reveals His Request For Beneficial Owners List Still Pending

“Request was made for the beneficial ownership of these business entities. However, the same is pending,”

London Calling: LSE Listing Rules for SPACS Relaxed

This automatic suspension was seen by investors as undesirable as they would not be able to sell their shares for undetermined periods.

Operators of Cayman blockchain company settle SEC fraud charges

First case involving decentralised finance

Mauritius makes key amendments to its Securities Act

On 31 July 2021, Mauritius published the Securities (Amendment) Act 2021, which brought about several key changes to the Securities Act 2005.

FCA Publish Changes to London Stock Exchange Listing rules for SPACs

The primary purpose of the consultation was to consult on a change to the Listing Rules

Butterfield closes banking unit in Mauritius and transfers to Guernsey

Among the factors stated for the decrease were redundancy costs associated with the transfer of Channel Islands banking operations from Mauritius to Butterfield's service centre in Canada and Guernsey.

SPAC to the Future - Part II

From 10 August 2021 the UKLA amendments to the Listing Rules, which are specifically designed to improve LSE's SPAC offering, will come into effect.

Mauritius: National Payment Systems Regulations - Key Features

The Regulations are being issued two years after the promulgation of the National Payment Systems Act 2018 (NPS Act) in January 2019.

New EU Rules in Force: Pre-Marketing and De-Registration on UCITS and AIFS

Under the CBFD Directive, only certain third parties may engage in pre-marketing on behalf of an authorised EU AIFM

JFSC: Reminder to notify us about appointment dates for principal and key persons

If the person no longer works for the organisation, we need to know the date they were appointed and when they ceased to act.

Constructive Trusts of Immovable Property – Guernsey and Jersey Law’s Differing Paths

One of the issues in dispute between the parties in SFO concerned the ownership of four Jersey situated properties and specifically, whether those properties belonged beneficially to a certain individual

Cayman Islands: Economic Substance Regime Extended to Partnerships

Partnerships formed on and after 30 June 2021 are required to satisfy the economic substance test from the date on which they commence a relevant activity.

Central Bank extends moratorium on payment service providers and money transmission business for another year

The regulator had last extended the moratorium until the end of this year.

Using provisional liquidation offshore to preserve bondholder claims under keepwell deeds (Japanese) An example of preserving the rights of corporate creditors based on keepwell deeds using offshore provisional liquidation

An important element of Keepwell Deed is that the Chinese parent company undertakes obligations to its subsidiaries.

Bill 233 proposes a number of amendments to Companies Act

CSPs and company officers need to be aware

Jersey trust papers raise more questions for Maxwell brothers

There has been no finding against La Hougue.

Regulation, Risk & Compliance