Managers of Wealth Offshore

Insurance regulators opt for narrow scope on asset adequacy

Regulators are concerned about the strength of assets backing billion-dollar blocks of life insurance and annuities in offshore reinsurance transactions.

BOV issues up to €100 million 5% unsecured subordinated bonds (2029-2034)

Supporting the bank’s efforts to achieve ambitious strategic plan

Money market report for the week ended October 11, 2024

Information on ECB monetary operations and the domestic Treasury bill market

GST plan proposed as alternative to tax rise

A similar package of tax reform measures was rejected by deputies in October 2023.

Significant amendments to the BVI Business Companies Act 2004

These amendments are not yet in force as of the time of writing, although are expected to be enacted soon.

Unions hit out at pension contribution changes

P&R has said the move will save the States around £8m a year.

Minimum Wage Report published

There is a target outlined in the Island Plan to achieve parity with the Living Wage by April 2025

BMA cancels 777 Re’s insurance registration

As a result of this, the company was restricted from writing any new business without the Authority's consent

Sixty new cat bonds registered in past three years

The three-day process was not expressly implemented for cat bond registrations.

Bank of Maldives now accepting RuPay cards

RuPay cards will now be accepted at BML's ATMs and POS terminals, the bank confirmed.

Economic Substance Returns: Deadlines And Regulations

Getting an early start to annual Cayman Islands economic substance regime filing allows ample time to prepare paperwork and confirm compliance with advisors.

Updates To The Cayman Islands Beneficial Ownership Regime

The Regime replaces the previous beneficial ownership regime which was spread across multiple pieces of legislation, which now consolidates the beneficial ownership requirements into a single statute.

BMA consults on changes to digital assets laws

Proposals above aim to clarify the legislation, enhance the authority's administrative and enforcement powers and mitigate against noncompliance.

Walkers to sponsor Guernsey Governance 2024

This event is a key opportunity for professionals to network and learn more about sustainable corporate governance, change management and subsidiary governance.

Boundaries of attorney-client confidentiality in Luxembourg

This new decision emphasises the CJEU's commitment to safeguarding attorney-client confidentiality against overly broad regulatory requirements.

Jersey: A cooperative and transparent jurisdiction for corporate services

As international businesses continue to seek reliable, well-regulated and transparent jurisdictions for their operations, Jersey remains a top choice.

£8 million annual saving proposed by reducing employer contributions to public sector pension fund

Under the proposals, of the £8 million of savings, £6.8 million would be for general revenue, with the remainder for unincorporated trading assets and social security.

Economic Substance Returns: Deadlines and Regulations

Getting an early start to annual Cayman Islands economic substance regime filing allows ample time to prepare paperwork and confirm compliance with advisors.

Collas Crill Corporate Services Limited launches independent directorship services in the Cayman Islands

Independent directors can add value to boards

From ‘inept’ finance records to warring owners: inside Em@ney

One customer was found to have alleged links with the ‘Ndrangheta mafia

Regulation, Risk & Compliance