Managers of Wealth Offshore

Four Months to Go: Key Steps to Implement DORA

Major’ ICT-related incidents must be reported to their relevant national competent authority within prescribed timeframes.

Gov't increases deposit insurance coverage

This adjustment is considered to be in the public interest and is intended to provide a further level of protection for persons who deposit their savings in financial institutions.

HOA introduces Code of Conduct legislation

The Parliamentary Commission for Standards Bill establishes a committee that monitors and implements the Code of Conduct for HOA members.

ICLG Alternative Investment Funds 2024: Cayman Islands

Grant Dixon, Andrew Keast and Stephen Watler provide an analysis of the laws and regulations of alternative investment funds in the Cayman Islands.

New tokenisation guidance published by the Jersey Financial Services Commission

The Commission (JFSC) has also updated its guidance on initial coin / token offerings

APS Bank announces upgraded ATMs for enhanced customer experience

Various new features added

Union demands compliance with court ruling on Customs and Immigration hiring

The ruling affirmed that only the Governor-General, advised by the Public Service Commission, has the authority to make such appointments.

BMA stress tests show long-term market’s resilience

Liquidity stress tests were included in the annual mandatory filings for the first time for year-end 2023 reporting.

Jersey Occupational Pension Schemes: Applications for Approval and Notice Requirements

The Comptroller will also give notice in writing when approval is not given to a scheme.

Constructs in industry loss cat bonds

ILS investors favour them because, unlike catastrophe bonds which use an indemnity trigger

P&R backs move to suspend law for telecoms sale

Mr Trott said the competition law "allows for exemptions where there is a clear public benefit, and this is one of those cases".

White Rock sues Chinese bank over Vesttoo scandal

The filings, first reported by Intelligent Insurer, are also against a banker claiming to represent CCB.

Ebanks backs contentious fees proposal process

Among those that could be impacted by the fees is the government workers credit union, which has spoken out against the proposed $200,000 fee for cooperatives.

Enforcing a foreign judgment in Guernsey

Enforcement against a company is generally (for debts over £750) initiated by way of statutory demand, which is served by HM Sergeant at the company's registered office.

Politicians call for smaller rise in minimum wage

The proposals are due to be debated during the first week of September and, if approved, would come into force on 1 October.

Guernsey funds legal and regulatory update September 2024

The Guernsey Financial Services Commission (the Commission) has issued a discussion paper (the Paper) on the future of sustainability reporting in the Bailiwick of Guernsey

Disapplication of the Rule Against Perpetuities Takes Effect in the Cayman Islands

The new legislation further strengthens the Cayman Islands position as a leading trust jurisdiction catering for the needs of global high net worth clients and their families

Collas Crill contributes to Chambers and Partners Enforcement of Judgments 2024

Within the chapter, Stephen, Annalisa and Kirsten shed light on the Cayman Islands' existing procedural framework

The new UK Listing Rules: what does this mean for Jersey companies?

The new listing rules which impact listings on the Main Market (as opposed to AIM) provide a simplified regime, which, coupled with the flexibility of Jersey companies, could make an attractive combination.

Nothing lasts forever... or does it? New perpetuities legislation introduced in the Cayman Islands

The rule against perpetuities currently applicable in the Cayman Islands is derived from English law

Regulation, Risk & Compliance