Managers of Wealth Offshore

JFSC ‘Turn Up The Heat On Non Compliance

While the JFSC has had the power to impose civil financial penalties for breach of these obligations since March 2015

UK denies the BVI’s recent request grants

Speaking in the House of Assembly recently, the Premier said this is not the first time the UK has refused to give the BVI grants during a time of crisis.

Insolvency Rules Committee launched

The changes proposed to Guernsey's insolvency law are substantive and will see the jurisdiction align with the UK and other offshore centres.

Insurers show resilience in BMA-PRA stress tests

Each scenario envisaged an asset shock in which the risk free interest rate fell by 100 bps, with a widening of corporate bond spreads according to credit rating of 150bps for AAA rated assets down to 400bps for BB rated and lower or unrated paper.

The Mauritius Financial Service Commission Issue Communique On Its License Filing And Reporting Obligations

The FSC has thus confirmed that it will continue to maintain a flexible approach

New Guernsey Fast-Track Licensing Process for Managers of Overseas Collective Investment Schemes

The introduction of this fast-track application process will make Guernsey an even more attractive prospect for managers in the future.

Guidance Notes Issued in Mauritius for Security Toekn Offerings and Security Token Trading Systems

The Financial Services Commission, Mauritius continues to remain highly supportive of Fintech-related initiatives in Mauritius.

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

Regulation, Risk & Compliance