12/16/2013
Curaçao and Sint Maarten: Emergency Regulation Giro Bank
The Central Bank of Curaçao and Sint Maarten announces that the Court of First Instance of Curaçao, by order of December 16, 2013
Regulation, Risk & Compliance
12/12/2013
The start date of Isle of Man’s ‘RDR’ moved back to February
The start date of the Isle of Man’s answer to the UK’s Retail Distribution Review has been moved back to the first of February, 2014
12/12/2013
Labuan FSA Issues New Guidelines for Labuan Protected Cell Companies and Labuan Securities Licensees, Including Islamic Securities Licensees
The Labuan Financial Services Authority, on 11 December 2013, issued the following two guidelines, which will come into effect on 1 January 2014
12/11/2013
Code of Audit Practice Published by Jersey's Comptroller & Auditor General
The Island’s Comptroller & Auditor General Karen McConnell, has today published a Code of Audit Practice.
12/11/2013
Standard Bank’s offshore compliance team achieves recognition at the Compliance Register Awards
Standard Bank’s offshore compliance team received the award for Outstanding Service to Compliance and Regulation in the ‘Best Compliance Team
12/05/2013
Jersey Financial Services Commission RFA Implementation Statement
The Review of Financial Advice project commenced in August 2011 with the publication of Position Paper No. 1 on the Review of Financial Advice.
12/03/2013
Guernsey reveals opt-in AIFMD equivalent regime
Accordingly, Guernsey fund managers and depositaries should undertake detailed analysis of their business requirements before opting in to comply with the Rules.
12/01/2013
State Street retains CI Fund Administrator of the Year title at Custody Risk Awards 2013
State Street was named Channel Islands Fund Administrator of the Year for the second consecutive year at the prestigious Custody Risk European Awards 2013 recently.
11/26/2013
Deutsche Bank Retains 'Custodian of the Year' Title
Deutsche Bank's custody business in Jersey and Guernsey has been recognised for the second year in a row at the Custody Risk European Awards 2013
11/21/2013
SEC slams Florida advisers with fraud charges for taking huge commissions on risky investments
The advisers also are charged with contributing to violations of the “custody rule” that requires investment advisory firms to establish specific procedures to safeguard and account for client assets.
11/19/2013
AIFMD – another catalyst for a move to Guernsey
Guernsey also has an advantage over many of its competitor jurisdictions in that there is already significant substance to many of the existing arrangements which investment houses have in the Island.
11/17/2013
Executive summary from the Global Regulatory Outlook report
The last 12 months has been another year of change for the financial services industry. We have begun the move from inter- and intranational debate about the shape and purpose of regulation, to a period of understanding the implications for business follo
11/13/2013
Davos International Bank Receives Positive Certification in the Fight against Money Laundering
The Supervisor of International Banks and Trust Corporations of the Financial Services Regulatory Commission, stated the rating had been "satisfactory," according to the evaluation ranges used for this purpose.
11/07/2013
Guernsey event shows practical aspects of AIFMD implementation
The event, ‘AIFMD: Practical aspects of implementation’, was held on Tuesday 5 November at the recently refurbished Rosewood London.
11/06/2013
Cayman Islands considers public registry of Phantom Firms
On 31 October, the UK announced a proposal for a public register of beneficial ownership information, following the results of its public consultation.
11/02/2013
BERMUDA: FATCA Event Draws In Leading Professionals
We were delighted with the healthy turnout for the event and the feedback received
10/29/2013
Jersey Financial Services Commission warns of potential cyber attack
The Jersey Financial Services Commission has issued a warning that financial services firms on the island are to be targeted by cyber attacks.
10/28/2013
Swiss Exchange Probes Liechtenstein Bank’s Director Deals
The Zurich stock exchange’s regulatory unit said it’s investigating Liechtensteinische Landesbank AG for possibly breaching rules on the disclosure of management transactions.
10/24/2013
Jersey is first with amendment to trust legislation
The amendment incorporates into the Trusts (Jersey) Law 1984 the existing law on mistake and the so called ‘rule in Hastings-Bass’*, the latter being a legal first within the international trust’s arena.
10/16/2013
Mauritius-based Foreign Investors Face Tougher Norms
Foreign institutional investors funds and other entities which invest in India via the Mauritius route will soon have to meet additional regulatory norms to prove that they are 'controlled and managed in Mauritius'.