07/01/2021
The Minister for External Relations also intends to make an Order specifying the jurisdictions to which this change will apply, based on the outcomes of mutual evaluation reports carried out against the FATF Standards.
07/01/2021
The introduction of these changes send a clear message that the Isle of Man is a responsible and responsive jurisdiction committed to following international financial standards.
07/01/2021
Grandfathering provisions were introduced to ensure a smooth transition into the new global business framework
07/01/2021
Both regulations came into force on 30 June 2021.
06/30/2021
A Cayman trust may be revocable or irrevocable.
06/30/2021
The inaugural all-day event will be held on 22 July
06/30/2021
Auditor consent letters must now be submitted with the registration application.
06/30/2021
This rapidly evolving environment is being driven by international standard setters that are now assessing regulators on much more than pure legislative architecture.
06/30/2021
The general purpose of substance requirements legislation is to ensure that entities are engaged in real economic activity in the jurisdiction they are deemed to be resident for tax purposes.
06/29/2021
Apex Group secures global company secretarial services mandate with Bocom
This global mandate is an expansion of the Group’s existing relationship with Bocom who have been a client since 2011.
06/29/2021
EU nationals in Channel Islands reminded to apply for settled status
Citizens Advice Jersey says it is concerned there are hundreds of islanders who still have not applied and it has been inundated with requests for support in recent weeks.
06/29/2021
Valuations can play a key role in contentious cases
Commercial litigators are likely familiar with the broad concepts involved – but perhaps not with how valuation principles can be deployed in contentious cases.
06/29/2021
Capital International Bank secured Isle of Man full alternative banking regime licence
It has a quick pre-application process, whereby clients will know within just 200 seconds whether they are eligible for the service or not.
06/28/2021
A period of reform for UK stock exchanges?
Despite the global uptick in new listing activity, the UK has been facing pressure as a jurisdiction, with only 5% of global IPOs having been carried out in London between 2015 and 2020.
06/28/2021
Bahamas leads OACPS panel discussions on EU blacklisting
The OACPS proposes establishing a joint structure of OACPS-EU member states, a mechanism for transparent and constructive dialogue in keeping with the new OACPS-EU Partnership Agreement.
06/28/2021
The new provision brought a solution to the abrupt end of the reign of the Black Swan jurisdiction.
06/28/2021
The 2014 Judgment made it clear that, from that point forward, the sole purpose of the Foundation was to provide funding for the sub-trusts.
06/25/2021
TISE’s membership of AFME puts us amongst the leading capital markets participants, and at the centre of policy discussions concerning the future of financial markets in Europe.
06/25/2021
The new document comprises two parts: a new module containing amendments to the original model rules and interpretive guidance, and a new multilateral agreement to support the international exchange of information collected.
06/24/2021
BVI Costs: Further Guidance from the Court of Appeal
Our Update of June 2020 discusses comments on relevant case law