Managers of Wealth Offshore

IMA Releases New Reports on the Role of CFO in Sustainability

Reports analyze integration of finance professionals in sustainable business activities

Cayman Islands: Public Accounts Committee questions fees for pension withdrawals

More than 20,000 withdrawal applications approved

Comparison of Regulatory Regimes for Closed-Ended Private Investment Funds: Cayman Islands and BVI

The Cayman PF Law provides that a private fund shall have appropriate and consistent procedures for the purposes of proper valuations of its assets

Guernsey simplifies application process for Managing General Agents

The GFSC said a new application form for MGAs made it simpler for them to apply for a Guernsey licence.

Harneys advises Caribbean Investment Holdings Limited on its acquisition of Normandy Limited

The Harneys team was led by Counsel Thomas Dugdale with assistance from Associate Adam Legge. Harneys’ Corporate team regularly advises on M&A transactions between listed companies under British Virgin Islands law.

Jersey's proposed Mandatory Disclosure Rules

An arrangement circumvents the CRS where it avoids the reporting of CRS information to all jurisdictions of tax residence of the taxpayers in a way that undermines the policy intent of the CRS.

Guernsey simplifies application process for MGAs

The GFSC said a new application form for MGAs made it simpler for them to apply for a Guernsey licence.

Deadlines to register Cayman Islands investment funds approaching

Managing Partner, Kendra Foster and Vice President – Fiduciary Services, Todd Hazlewood outline the key regulatory requirements and next steps for operators of Cayman Islands investment funds ahead of the deadline to register funds with the Cayman I

FSCS to reopen offshore property cases

The group also offers a range of corporate bonds.

£7.4 million claim dismissed

Mr Chick hit back at the GFSC and last year took his grievances with the regulatory body to the Royal Court, claiming it breached his human rights during an investigation it carried out into his conduct when working in financial services.

The Bahamas to reopen on July 1 with pre-entry protocols

Travellers must fill out the electronic health declaration card prior to boarding.

Standard Chartered closes Guernsey trust business

Standard Chartered's own statement simply read: "Please be aware that the company no longer offers trust and fiduciary services in Guernsey."

Granting of Guarantees by British Virgin Islands Companies

BVI law provides a high degree of protection for lenders

The GFSC enforcement process: To the Senior Decision Maker – and Beyond

The Royal Court has again held that the Guernsey Financial Services Commission's enforcement process is compliant with licensees' right to a fair trial under The Human Rights (Bailiwick of Guernsey) Law 2006.

Walkers (Hong Kong) Advises on Sands China's $1.5 Billion Bond Offering

The deal was led by Hong Kong partner Kristen Kwok, who was supported by Sonya Saxena.

Supervision of costs in UCITS and AIFs

To promote convergence in relation to the supervision of costs in UCITS and AIFs, ESMA has developed criteria to support NCAs

FSCS pays out £5.9m on offshore property advice

The lifeboat scheme has also adapted the way it calculates perceived losses stemming from the investments, valuing many at nil to allow for claims.

Business sector sees opportunity in States' strategy

This is more important than ever."

Cayman Islands introduces new regulatory regime for virtual assets

This briefing provides a high level summary of the VASP Law and the amended legislation above.

New Fast Track Application Regime for Managers of Overseas Collective Investment Schemes:

The new regime has resulted in the publication of a revised Form FTL and where a migration of the manager is involved the new Form FTLM.

Regulation, Risk & Compliance