Managers of Wealth Offshore

Trust Registration Service and Fifth Money Laundering Directive… are we nearly there?

Many commentators sought further reassurances regarding access to information held on the TRS.

Benefits and certainty of Guernsey’s UK and EU access underlined as Brexit talks miss deadline

The island was one of the first jurisdictions to be approved by the European Securities and Markets Authority (ESMA) to provide third-country passporting without conditions.

Guernsey Approves New Discrimination Legislation– But The Battle Continues…

There was much celebration accompanying the approval by the States of Guernsey to introduce discrimination legislation, but as anyone who has followed this subject over the last few years will know, there remains much work to be done.

Four questions to ask when choosing an AMLCO/MLRO for your Cayman entity

When selecting the right fit for your entity there are some basic, but often overlooked, things you should consider.

GFSC sanctions show importance of a healthy corporate culture

She said the stakes have never been higher when it comes to maintaining a healthy corporate culture.

Malta looks to launch new corporate services provider framework

While no legislation has been enforced with regards to the updated framework, the MFSA has already laid out some of the changes that it wishes to implement.

UK Corporate Insolvency and Governance Act: Key changes for corporate trustees

Director - Transaction Management at Ocorian, Abigail Holladay and Charlotte Drake and Jayesh Patel of Stephenson Harwood LLP highlight the key implications of the Corporate Insolvency and Governance Act 2020 for corporate trustees.

GFSC review shows Guernsey firms’ positive record on source of funds and source of wealth

The Thematic Review provides a useful analysis of firms’ practices in establishing and understanding the SOW and SOF in order to meet the requirements outlined in the Handbook

BMA highlights importance of reciprocal jurisdiction status with NAIC

The annual report reflected on the BMA’s five decades of service to Bermuda’s financial sector and highlighting the achievements of its 50th Anniversary year.

Ogier has advised China New Energy Limited in its delisting and subsequent global offering

The team was led by Nathan Powell, working with Janice Chu and Jenson Ng.

BVI issues guidance on regulation of virtual assets

The Guidance clarifies whether certain types of virtual asset product and their related activities are captured under the existing financial services legislation;

Guernsey Financial Services Commission issues discussion paper on Guernsey funds framework

Update prepared by Frances Watson (Partner, Guernsey) and Annaliese McGeoch (Associate, Guernsey)

Probe utility’s offshore accounts

The offshore accounts owned by PECO and the Cacho family

Practice makes Perfect – what's next for Jersey schemes of arrangement?

Issues relating to the conduct and classification of shareholder meetings will therefore remain a primary consideration at the directions hearing for Jersey schemes, as has been the case in the past.

Additional requirement under the private funds regime to manage and monitor potential conflicts of interest

The Cayman Islands government has expanded this specification to require the private fund to also manage and monitor any such conflicts of interest.

Ireland | PD3 – Practical Insights

In our experience, the above risk factors may be challenged as to whether they are statements of fact rather than actual material risk factors directly related to the transaction in hand.

Process for listing debt securities on the Official List of The International Stock Exchange (the “Exchange”)

This note includes information relating to the listing process and listing documentation requirements of The International Stock Exchange Authority Limited (the "Authority").

Urgent: Check if definition changes mean your Private Fund needs to register with CIMA by 7 August 2020 deadline

The Amendment makes changes

CJEU on data protection: Privacy Shield is dead; standard contractual clauses valid (with conditions)

In its judgment, the CJEU declared that the EU-US Privacy Shield (Privacy Shield), a mechanism used to legitimise of data from the EU to the US, is invalid.

House: pay cuts will save nearly $500,000

The suspension of pensions contributions for members of the legislature was expected to deliver a $500,000 saving.

Regulation, Risk & Compliance