07/03/2019
The BMA insisted the changes do not represent a fundamental change to the filing requirements for insurers, but enhanced transparency and trust in the island’s regulatory regime.
07/02/2019
The jurisdiction benefits from an expansive economy with globally recognised businesses operating within industries such as gaming, shipping and property.
07/02/2019
Once the drafting issue has been addressed, the intention remains.
07/02/2019
Then a cross-party parliamentary group of the Foreign Affairs committee of the House of Commons issued a report calling for “a reset” of the relationship between the UK and its territories.
07/02/2019
This important development will place Bermuda on a level playing field with other jurisdictions that are subject to the EU’s economic substance requirements.
07/02/2019
Business code leads firms away from ‘certain countries and adviser groups’
07/02/2019
“These are the onshore financial centres where the KYC and customer regime is less robust than it is in The Bahamas.”
07/02/2019
Otherwise, under regulation changes, they won’t be able to keep receiving financial advice
07/02/2019
Switzerland blocks its listed stocks from being traded in the EU
07/02/2019
The changes apply to all general business classes that are funded by alternative capital arrangements – capital provided by an alternative capital provider for the purposes of collateralising an insurer against contract of insurance losses.
07/01/2019
The Amendment Law substantially amends the requirements of the SIB Law for registration by certain former “excluded persons” and CIMA’s regulatory powers in respect of such persons
07/01/2019
CBAS long serving staff Julie Ronan and Joanne Richardson will be joining Crowe Trust.
07/01/2019
Oriental Bank and Scotiabank will work together to help facilitate a smooth transition for the business.
07/01/2019
Delaware’s popularity isn’t accidental.
07/01/2019
Guernsey is the leading captive insurance market in Europe, and is also engaged in reinsurance, insurance-linked securities and longevity risk transfers, as well as some specialist insurance.
07/01/2019
This will be the first event held by INSOL International in The Bahamas
06/28/2019
In 2016, it was discovered that large sums had been misappropriated through fraudulent actions under the control of one of the credit advisors in which it had invested (and which had purportedly been audited).
06/28/2019
The project will also include an office building, restaurant and multi-storey car park, due to complete in December 2021.
06/28/2019
Specifically, the statutory provisions are intended to avoid the imposition of foreign laws and claims arising out of forced heirship and matrimonial proceedings pursuant to such laws.
06/28/2019
The SCB is now empowered to waive any automatic administrative penalty, in whole or in part, where it considers that it would not be contrary to the public interest to do so.