07/10/2020
GUERNSEY: March Quarter 2020 Investment Statistics
Over the past year, total net asset values have increased by £16.4 billion (7.6%).
Regulation, Risk & Compliance
07/10/2020
Outsourcing In A New Normal For Alternative Funds
It has been recognised that outsourcing key functions to an agile specialist service partner can derive significant benefits and the COVID-19 pandemic should help simplify and accelerate this trend.
07/10/2020
Walkers Advises ABSA Bank and Africa Ex-Im in TAAG Financing
The Walkers team was led by Cayman Islands senior counsel Sarah Humpleby and associate Arleth Ebanks.
07/10/2020
Why choose an Isle of Man Closed-Ended Investment Company?
The Isle of Man’s dynamic regulatory regime makes it a jurisdiction of choice for CICs, thanks to its flexible legislative framework and the criteria required to keep CICs outside the scope of funds legislation.
07/10/2020
Channel Islands Employment Law Update - July 2020
Jersey Tribunal rules HR advisers not protected by legal privilege
07/09/2020
Ireland ESG Series - Part 4: Proposed Amendments to UCITS and AIFMs
On 8 June 2020, the European Commission published draft delegated acts relating to amendments to legislation governing UCITS; AIFMs; insurers; and investment firms and advisers.
07/09/2020
3 Key Lessons From The FATF’s Report On Its Virtual Asset Review
According to the FATF’s report, 32 jurisdictions that it surveyed have imposed anti-money laundering and countering the financing of terrorism regulation on the virtual asset sector.
07/09/2020
Cayman Private Funds Law Amended
These changes expand the scope of the definitions in the PFL and may bring into scope vehicles previously excluded, so careful consideration should be given to these changes.
07/09/2020
Financial Crime In Mauritius: Overview
Further to their search powers, police officers can seize any incriminating articles which they believe has been obtained by means of an offence or used in the commission of an offence. Such articles must be produced in court at trial.
07/08/2020
Changes to the Cayman Islands Private Funds Law
The amendment is significant because it broadens materially the definition of “private fund” under the PFL.
07/08/2020
Amendments to the Cayman Islands Private Funds Law, 2020
On 7 July, the Private Funds Law, 2020 was amended changing the definition of a 'private fund' to both clarify the position for certain entity types and to extend its scope to additional entities.
07/08/2020
UN study says tourism-rich small island states like BVI could see massive GDP fallout from COVID
Findings show that the losses in GDP are approximately two to three times higher.
07/08/2020
Ireland Update: Establishment of Register of Beneficial Ownership of Unit Trusts, ICAVs and Credit Unions
The 2020 Regulations also amend the definition of “beneficial owner” in relation to Unit Trusts including to clarify that there will be a “greater than 25 per cent” threshold when determining whether a unitholder is deemed to be a
07/08/2020
KRA recovers Ksh.139 million from hidden offshore assets
Countries that are destinations for these flows, including financial centres in Europe, Asia, America, the Caribbean and Pacific, now participate, said KRA’s Commissioner General Githii Mburu.
07/08/2020
Appleby Offshore Data Protection Guide
The team works frequently with local government, regulators and industry bodies to develop responses to the challenges of globalisation and regulation, with a focus on producing effective solutions for clients.
07/08/2020
Scope of the Cayman Islands Private Funds Law expanded
The scope of the Private Funds Law, 2020, which introduced fundamental changes to the regulation of Cayman Islands closed-ended funds earlier this year, has been expanded by the Private Funds (Amendment) Law, 2020.
07/08/2020
‘It’s a matter of fairness’: squeezing more tax from multinationals
The cost of the coronavirus crisis means governments want to reduce tax avoidance by business
07/08/2020
Guernsey legal and regulatory update
The GFSC has issued a public statement in relation to a local licensee, and two individuals, for failing to fulfil the minimum criteria for licensing under the Protection of Investors
07/08/2020
Funds Growth Omnibus Discussion Paper
The reforms are designed to help the Bailiwick maintain an environment where the sector can continue to grow as we recover from Covid-19 restrictions.
07/07/2020
British Virgin Islands Economic Substance Requirements 2020 Update
The framework created to enable legal entities to report prescribed economic substance information is now operational.