12/20/2023
Converting a PIC to a Standalone Licensed Entity
A significant benefit of the PIC product has always been the ability of a sponsor/group to utilise a PIC to dip its toe into Cayman regulatory waters
Regulation, Risk & Compliance
12/19/2023
Regulator concludes that cost of business connectivity and broadband prices are too high [Updated]
Leased lines are key building blocks for businesses relying on telecommunications connectivity.
12/19/2023
Guernsey regulator says Sure's broadband prices are "far too high"
The independent regulator has now instructed Sure to lower its prices from 1 April 2024 by 31%.
12/18/2023
Temping agency sacks workers after charging them fees for job
New law says agency licence may be lost for charging fees
12/18/2023
UK finalises Jersey’s law enforcement data adequacy decision
A law enforcement data adequacy decision is when the government determines a country, organisation or sector meets the UK’s standards by assessing its law enforcement data protection legislation.
12/15/2023
AXIS wins approval for Lloyd's energy syndicate
Pending final approval by Lloyd’s, AXIS Energy Resilience Syndicate 2050 aims to begin underwriting on April 1, 2024.
12/15/2023
Central Bank releases and brings into force digital asset guidelines for SFIs
All of the guidelines, as well as the CBOB’s responses to comments and questions received about the guidelines during the consultation period, are posted on the bank’s website.
12/15/2023
HSBC UK to shut Malta call centre, with loss of 200 jobs
Decision to close Swatar centre in June does not affect bank's Malta operations
12/15/2023
Bermuda: How to Improve IT Project outcomes
The British Government is among the most recent victims of a large IT project failure.
12/14/2023
Paris Agreement extended to Guernsey
These objectives have informed policy decisions across our Committee’s mandate, including on energy, housing, transport and biodiversity.
12/14/2023
Guernsey investment funds update - Q4 2023
Directors subject to the Director Registration Regime were required to register by 1 October 2023
12/14/2023
Auld Lang Syne and Other Important End of Year Administration for BVI Business Companies
The restoration of a dissolved company can be an expensive process requiring an application to the BVI Court.
12/13/2023
Crown Dependencies publish commitment to increase accessibility to company beneficial ownership
The Crown Dependencies have already undertaken substantial preparatory work to enable obliged entity access
12/12/2023
The British Virgin Islands and the Common Reporting Standard
The Global Forum has already completed its assessment of the AEOI legal frameworks
12/12/2023
More changes to Bahamas economic substance and beneficial ownership regimes
In October 2022, the Council of the European Union (the EU Council) added the Bahamas to its list of non-cooperative jurisdictions for tax purposes.
12/12/2023
BMA extends deadline for climate change consultation
“This deadline extension recognises the overall importance of industry feedback, in guiding the BMA’s approach to public climate risk disclosure,” the BMA said.
12/11/2023
New boss at Citizens Advice pledges improvements
That small team dedicated over 12,500 voluntary hours to the charity last year, providing independent, impartial, confidential, and free advice to anyone who requested it.
12/11/2023
Jersey and Bahrain strengthen bilateral ties
The widening of our bilateral ties can boost not only our political and economic relationship, but also highlights our joint commitment to encourage sustainable development of innovation
12/11/2023
Philippines wants its workers in Malta protected against abuse
Agreement would ensure Filipinos experience ‘less exploitation and abuse’
12/08/2023
SiriusPoint forms strategic partnership with specialty underwriter
Marc Garganigo, managing director, ProVerity Underwriters added: “I am thrilled to have SiriusPoint as our carrier partner.