Managers of Wealth Offshore

Jersey Electricity wants 5,000 homes to be using solar technology by 2030

Mr Preece described the increasing use of solar power as “a logical step” and said he viewed the Solar 5,000 project as a collective ambition for the Island.

The 150 Year Rule Falls - Cayman Perpetuities Act Changes

One of the most notable points involved in the disapplication of the Rule is that a settlor now has the option to choose whether to disapply the Rule against perpetuities for a newly settled trust or not.

Cyan Regulatory Announce Beacon, A Revolutionary RegTech Product

There are a growing number of compliance platforms becoming available as RegTech becomes more accepted

Money market report for the week ended July 26, 2024

Information on ECB monetary operations and the domestic Treasury bill market

ELTIF 2.0 - European Commission Adopts RTS Delegated Regulation

ELTIFs can be marketed to retail or institutional investors across the European Union.

UK embedded finance provider Weavr lands EMI licence in Malta

Weavr says it will lean into its partnership with Visa, which has been in motion since June last year, to deliver “several of these financial products”.

Bank of England issues warning to life insurers

Regulators in the UK, Europe and the US are increasingly concerned that the retirement savings of ordinary people are being put at greater risk

Directors’ duties under Cayman Islands law

The first director(s) of the company are generally appointed by the subscriber to the memorandum of association.

Have your say: How to improve Jersey Financial Services Commission’s Guidance for New Businesses

The sessions, each lasting approximately 60 minutes, aim to delve into the first-hand experiences of sole traders, limited companies, and partnerships with JFSC’s guidance content.

Recognition and Enforcement of Foreign Judgments in Guernsey

In Guernsey a foreign judgment may be enforced by one of two methods

Edward Scicluna to be removed from the MFSA

Notice to be formally issued on Friday

Jersey Finance Welcomes Findings of MONEYVAL Assessment

The publication of the Fifth Round Mutual Evaluation Report is the culmination of a two-year period of assessment and a peer review process, following a visit by a team from MONEYVAL

Draft Cyber Law consultation results released

The Law will also require organisations defined as Operators of Essential Services (OES) to report significant cyber incidents to JCSC.

BWCI signs up to Environmental, Social, and Governance Framework for Pensions

The Framework introduces a particular focus on combatting climate change and ensures that all investment managers appointed by the pension plans must incorporate ESG factors into their decision-making for the relevant pension plans.

Directors liable for Pipa compliance failure

Pipa sets out various circumstances that may constitute a privacy offence.

Money market report for the week ended July 19, 2024

ECB keeps rates steady

Essential guide to the EU Artificial Intelligence Act and what it means for Guernsey

The regulation of high risk / unacceptable risk AI systems is to be welcomed to the extent that it safeguards the consumer and leads to greater transparency concerning its use.

Bermuda: Securing Regulatory Compliance

Since coming into force in December 2019, the Economic Substance Act 2018 (ESA 2018) requires Bermuda registered entities that carry on certain ‘relevant activities’

Warning after firms caught by bank scam

The authority said islanders should be "particularly cautious" of scammers trying to trick people using the the worldwide IT outage as part of their cover story.

Islanders warned of heightened threat to personal data

When downloaded, this malware allows the fraudster to remotely access the victim’s device, potentially gaining access to their personal information.

Regulation, Risk & Compliance