05/17/2019
Bahamas International Securities Exchange Signs Digital Securities Exchange Partnership Agreement
The partnership will benefit from the trading and compliance technology, industry know-how and operational excellence of both parties.
Regulation, Risk & Compliance
05/17/2019
BVI Economic Substance Law
These amendments follow closely the approach taken to address the same issue in other international financial centres.
05/17/2019
United Nations Recognises Jersey’s Work on International Asset Recovery
United Nations officials have recognised Jersey’s good practice in returning stolen assets to their rightful country.
05/17/2019
Appleby Hong Kong advises AngelHub on its equity crowdfunding platform
The transaction marks an important milestone for the start-up environment in Hong Kong with the HKSFC aiming to ensure its regulatory standards are in line with international regulations to build a welcoming environment for financial technology companies
05/17/2019
EU confirms Bermuda's status as a cooperative jurisdiction in international tax transparency
All Bermuda companies, LLCs and partnerships (which have elected to have separate legal personality) are potentially within scope of this legislation if they are conducting a “relevant activity”.
05/17/2019
Bermuda, Aruba & Barbados are removed from EU tax haven blacklist
In a statement the EU explained that Bermuda and Barbados have both committed to meeting EU concerns and are now part of a "grey list" of jurisdictions being monitored by the EU, according to a report from Reuters.
05/16/2019
UK will not impose deadline on OTs to change residency rules
In the Cayman Islands, premier Alden McLaughlin said the suggestion was "akin to an attempt to take over the territory.
05/16/2019
Results of Vote at Butterfield AGM
Each of the proposals numbered 1 through 3 on the Meeting Agenda was approved by the requisite vote
05/15/2019
How Guernsey is part of the British financial services family
Some £35 billion from Guernsey investment funds is invested into UK assets, most into long-term tangible assets, including schools, hospitals, airports and roads, and businesses of all sectors and scale – and the majority of that money comes f
05/15/2019
Big companies choose Guernsey to issue bonds
Under EU rules, selective disclosure of information - to some investors and not other - is not allowed.
05/15/2019
Record-keeping crucial for new substance requirements
The document outlines how each island’s economic substance legislation, which has been in effect since 1 January 2019, will be applied to businesses which fall within scope of the legislation.
05/15/2019
JT strikes gold with Mitel partnership
In particular the company’s ability to leverage advanced communications and operate efficiently when dealing with our portfolio really makes it stand out.
05/15/2019
Bermuda hopeful for blacklist removal on May 17
On March 12, the European Union updated its so called blacklist on March 12, and Bermuda one again found itself on the list.
05/15/2019
BL62: Regulation watch
Retirement of the previous distinction between ‘financial services businesses’ (such as banks) and ‘prescribed businesses’ (such as lawyers, accountants and insolvency practitioners). The Handbook applies to both under the term &am
05/15/2019
Deutsche Bank Panama Papers Probe Leads to More German Raids
Frankfurt prosecutors looking at wealthy individuals in case
05/15/2019
Growing ESG demand requires vigilance against 'greenwashing': Guernsey
She also warned that there was a lack of consistency globally in terms of governmental and regulatory responses to ESG and that companies are focusing on environmental issues more than on the social or governance side.
05/15/2019
Whistle-blowing culture vital to protect Jersey's finance industry
The chief executive of ICSA, Simon Osborne, said Jersey’s standards of governance were high, but that he was concerned that UK politicians and journalists were not taking enough notice of the work being done here, and the value Jersey provides to th
05/14/2019
Improving dialogue between the UK and Overseas Territories
To underscore the premier’s point on the timeline for public registers, we suggest that before the UK attempts to mandate a beneficial ownership regime in Cayman and the other overseas territories, it should get its own ‘house’ in order
05/14/2019
Appleby Hong Kong acted as BVI counsel to the largest HKIPO so far in 2019
The transaction was led by Vincent Chan
05/14/2019
Economic substance requirements in Bermuda, the British Virgin Islands and the Cayman Islands
The legislation was introduced in response to concerns expressed by the Council of the European Union about the absence of clear general legal substance requirements for entities doing business in and through these jurisdictions.