Managers of Wealth Offshore

Jersey Funds Association looks to the future with new committee

Meanwhile, pointing to specific areas where the JFA had identified opportunities for Jersey, Tim commented:

Close to 11,200 private funds register with CIMA

The amendment was expected to significantly increase the number and types of closed-ended investment vehicles that are subject to the law.

Carey Olsen supports Tembo Capital on latest mining fund launch

These opportunities may include exploration ventures, near term production ventures, royalties, operating mines, infrastructure of metals and mining projects, and services associated with the metals and mining sector.

BMA confirms three registrations in July

It takes the total number of insurers registered by the BMA this year to 25.

The Bahamas emerges as a pandemic safe jurisdiction for family offices

Financial regulators in the Bahamas have also set up a fast track licensing operation for FinTech companies with the goal of being able to provide comprehensive financial services support.

Premier fears UK will keep governor’s power to legislate

UK had agreed to remove section 81 of the Constitution.

New digital Registry to go live on 1 December

The changes we are making coincide with a new law that the Government of Jersey is introducing, which requires us to collect more information for our central registers.

Isle of Man life insurance provider fined £87,000 by watchdog

The authority acknowledges and welcomes Isle of Man Assurance's co-operative approach and believes that this is a further positive endorsement of the decision-making process.

Jersey Property Unit Trusts - For UK Real Estate Investment

There are no legal restrictions on a JPUT’s ability to borrow, nor are there any gearing restrictions.

Guernsey and Isle of Man’s ‘in principle’ healthcare agreement

Travellers will still need travel and medical insurance to meet the costs of healthcare services

Bermuda Launches New One-Year ‘Work from Bermuda‘ Residency Initiative

The initiative is open to applicants from all industries, but many insurance and technology professionals will already be familiar with the island by virtue of its established reputation in those sectors and may be particularly interested in the opportuni

STM eyes acquisitions as Gibraltar regulatory situation is resolved

STM has a strong balance sheet and a market leading position to act as a consolidator in the sector.

Church Street Branch To Reopen In September

A spokesperson said, “HSBC Bermuda is committed to serving and protecting the health of our customers and offering the same protection for our employees and the wider community.

Regulator quits advisory panel after conflict of interest complaint

Mathew Beale, who also owns a firm that provides regulatory advice, was one of many islanders to raise concern about the unpaid appointment.

Increased Demand for Third Party Irish Management Company Services as Regulations Change

With a continued evolution in requirements for self-managed funds, new and existing investment managers are now subject to important changes.

Central Bank of Ireland Enforces €1.6M Fine for Cyber Security Failures

The regulatory investigation arose from a 2014 cyber fraud incident perpetrated on BOIPB resulting in a finding that BOIPB had not applied adequate cyber security arrangements.

Transfer by way of continuation out of the Cayman Islands

The Registrar will grant the deregistration as of the date the documents are filed, provided that all documents are in order

Carey Olsen partners discuss transparency on latest episode of Stephenson Harwood's private wealth podcast

The episode British Overseas Territories adopt public ownership registers – is this the end of privacy as we know it?

Swiss media report fingers Martinellis in bribery expose

The judge in Bellinzona, however, ruled that it was up to the judge in Spain to decide whether the documents show a relevant criminal connection.

New Cayman Islands Economic Substance Guidance Notes

The key change to the Guidance Notes was the inclusion of detailed sector specific guidance for each of the relevant activities.

Regulation, Risk & Compliance