07/28/2021
A new era of assertiveness for the UK regulator
Newgate Compliance (an Ocorian owned company) Managing Director, Traci Pham and Senior Consultant, Jay Pyne summarise the key points and what firms can do to plan ahead.
Regulation, Risk & Compliance
07/28/2021
Tax factsheet – The UK’s Statutory Residence Test
Considered at a high level, the SRT is relatively straightforward.
07/28/2021
The International Stock Exchange - new Listing Rules
In order to increase TISEA's competitive position in respect of bonds issued under programmes, lifetime fees will be charged which will vary according to specific circumstances.
07/28/2021
Jersey Employment Law Update: Paid leave, holidays and time limits
A recent case from the Jersey Employment Tribunal focuses on two issues – entitlement to paid bank holidays, and claims for unpaid holidays.
07/28/2021
A Rapidly Changing Picture for Financial Services
A common theme to emerge from our recent virtual one-day conference was the dramatic pace of change that is underway.
07/28/2021
Central Bank of Ireland Issues Revised AML and CFT Guidelines: Key Changes
The CBI has made a number of key changes to Chapter 6 on 'Governance', placing the main focus on the board's responsibility in ensuring effective governance and AML / CFT compliance.
07/28/2021
Effective Compliance Requires Robust Monitoring
The challenge to designing and implementing a compliance monitoring programme is the significant resource, time and commitment required, those on the course heard.
07/27/2021
Unauthorized: SCB warns RAY-E Securities Investment Company not registered entity
Commission cautions public against conducting business with unlicensed/unregistered entities
07/27/2021
Trust Essentials: July 2021
The past year has been a difficult and unsettling one for many.
07/26/2021
Medicinal cannabis growth to be permitted in Guernsey
The move follows a memorandum of understanding with the UK Home Office, Guernsey States announced.
07/26/2021
£200m Government loan approved to help finance £568m States plan
An amendment aiming to stop Equal Pay for Work of Equal Value from being put on the back burner was voted out by the smallest of margins.
07/26/2021
Future of RD100 remains uncertain
Express was told in April that the States of Guernsey and Rubis were in talks to decide an appropriate duty on the product.
07/26/2021
CSSF clarifies MiFID application to Luxembourg investment fund managers
Should this not be the case, and an IFM delegates one or more functions included in the collective portfolio management to another authorised IFM, or to a third-party, this exemption will not apply, and the IFMs that delegate part of their functions shall
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
FATCA and CRS updates and reminders issued (July 2021)
The updates and reminders included in the bulletin covered the key areas described below.
07/23/2021
Amended economic substance regulations and guidance released
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
Harneys Cayman office converts to limited liability partnership
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.