06/21/2021
US lawmakers pass offshore disclosure and ESG standardisation bills
Under the ESG bill, the Securities and Exchange Commission (SEC) will create definitions of ESG metrics and mandate standardised ESG disclosures.
06/21/2021
Earlier, there was a restriction of five years, but now there will be no time limitations after approval of this law from the National Assembly of Pakistan through Finance Bill 2021.
06/21/2021
The interests of a discretionary beneficiary are not by their nature transmissible.
06/17/2021
Financial regulator's annual report highlights increase in enforcement action
06/17/2021
Brexit - Guernsey and Jersey employers and the EU Settlement Scheme
The Scheme provides a mechanism for such persons to apply for settled status.
06/17/2021
The updated Code asks boards to consider the impact of climate change on their strategy and risk profile and, where appropriate, make climate change related disclosures.
06/16/2021
These decisions are just a small foretaste of more extensive and stricter supervision by the CNPD, as multimillion fines are being announced and data activists are appealing certain decisions of the CNPD where no fine was imposed.
06/15/2021
The rules that the Commission claims Luxembourg has failed to implement were "a crucial tool to break criminals' business models and combat organised crime.
06/15/2021
As a part of its base erosion and profit sharing (or BEPS) initiative, the European Union required OFCs, like Jersey
06/15/2021
As part of the relocation process applicants will be required to purchase a property locally.
06/15/2021
Under the Act, directors’ duties are owed to the company and the company alone.
06/14/2021
MALTA: Cap on cash transactions leads fight against money laundering
The cash restriction is therefore aimed at reducing the risk of money laundering and tax evasion through this method.
06/14/2021
Guernsey launches new Economic & Financial Crime Bureau
As the Committee regularly reviews the work taking place across its remit with a view to continuous improvement
06/14/2021
Employer opportunity created by Guernsey secondary pension scheme delay
The need for a new scheme has been on the States' agenda for some time and was originally intended to be implemented by January 2022.
06/14/2021
As the Committee regularly reviews the work taking place across its remit with a view to continuous improvement, a need was identified to strengthen the Bailiwick's response to financial and economic crime.
06/11/2021
Consultation Paper on the Codes and Guidance Documents proposed to be re-issued under Revision of Laws
The draft codes and guidance do not implement policy change but replicate the current codes and guidance with the incorporation of minor amendments such as updated references and new terminology where necessary.
06/11/2021
Regulator unveils updated Code of Corporate Governance at Sustainable Finance Week
Panelists discussed the positive impact of international collaborative bodies
06/11/2021
CIMA issues important reminder to operators of Cayman Funds: The Appointment, Duties and Responsibilities of Anti-Money Laundering Officers
Licensees and Registrants are further required to ensure that appropriate appointments and the discharge of the day to day functions of these AML Officers are made or occur in accordance with Regulations 3, 4, 33 and 34 of the AMLRs.
06/11/2021
ILS fund managers from outside the EU who market their funds to investors within the EU will also need to be mindful of the SFDR's disclosure requirements.
06/11/2021
European Commission started infringement procedure against Luxembourg in 2016 over late adoption of EU rules