11/02/2023
Central Bank publishes a consultation paper on ELTIF chapter for the AIF Rulebook
The Consultation Paper proposes details of a new ELTIF chapter in the Central Bank's AIF Rulebook
Regulation, Risk & Compliance
11/02/2023
National Investment Policy overhaul to foster greater inclusion of domestic investors and businesses says PM
She noted that the BIA is undergoing a number of advancements in terms of human capital, revamping existing legislation and policies
11/01/2023
Malta to delay introducing new corporate tax rules
Finance Minister says EU countries can benefit from six-year derogation
11/01/2023
Central Bank Governor projects economic growth in three to four percent range
“Based on trends in tourism and the observed level of foreign currency inflows through the private sector, the economy is still expected to grow at an above-average pace in 2023, in the three to four percent range.
11/01/2023
Financial watchdog revises beneficial ownership rules
Changes include the FATF’s “strengthened” beneficial ownership and transparency standards.
11/01/2023
Getting closer to CLOs
Guernsey offers similar tax, legal and regulatory advantages and should be an attractive alternative
10/31/2023
JFSC consults on 10.1% fee increase
The Commission has launched a consultation on the proposed increases, asking for feedback by 24 November.
10/31/2023
Cayman Islands and Panama no longer subject to FATF increased AML scrutiny regime
Finally, FATF found, the jurisdiction was not demonstrating that it was prosecuting all types of money laundering in line with its risk profile
10/31/2023
Job cuts to save Butterfield $13m annually
Mr Collins was speaking during the bank’s quarterly earnings call, which took place a day after Butterfield announced third quarter net income of $48.7 million.
10/30/2023
Over two decades on, CIG still struggles with accounts
Another worry about the management of public finances is the failure of many public entities to follow procurement rules.
10/30/2023
GCRA updates advice on data roaming
Michael Byrne of the GCRA said the decision to alert consumers to the potential problems follows a recent complaint by a customer of a local mobile network provider, which has since been resolved.
10/30/2023
Guernsey urged to scrap 'unfair' tax cap
Out of our 65,000 residents, approximately 30 individuals benefit from our generosity.
10/30/2023
Resolution Re signs pension risk transfer reinsurance agreement
The transaction is the first of its kind for Resolution Life, which has previously signed reinsurance agreements
10/27/2023
FIAU will continue issuing ‘unconstitutional’ fines until court appeals are over
Anti-money laundering watchdog holds out for definitive decision before switching system
10/27/2023
Where to Relocate: Cayman Islands With Cayman Islands Monetary Authority
The jurisdiction has taken a phased approach to implementation of the VASP legislative framework, which is being done in two phases.
10/27/2023
Bermuda hosts US insurance regulators
The IAIS is the international standard-setting body responsible for developing and assisting in the supervision of the global insurance sector.
10/27/2023
Regulator rejects golden passport fund’s nominee for Lombard Bank director
Paul Abela, who was one of two people nominated by the National Development and Social Fund to serve as a director on Lombard Bank, has failed to receive regulatory approval • John Bonello gets green light
10/26/2023
When two become one: How BVI statutory mergers can help your business
Our team has recently been flat out solving client problems with statutory mergers
10/26/2023
Minimum wage to increase every year for next four years
Agreement reached between social partners
10/26/2023
ROC to expand role, staff and revenue
Significant changes have arisen from that increased scrutiny