06/24/2024
BVI Annual Returns: Preparation for Upcoming Deadline – 30 September 2024
For companies with other financial year-ends, the filing must be made no later than 9 months after the relevant year-end.
Regulation, Risk & Compliance
06/24/2024
BMA cracks down on life insurers’ investments
Insurers will now have to seek its prior approval for new investments of this type and will have to demonstrate that they are an appropriate match for their liabilities.
06/21/2024
Ontario tribunal rules against Arbitrade Bermuda
Arbitrade infamously promised six years ago to create hundreds of Bermuda jobs in setting up its global headquarters here.
06/20/2024
Government’s Asia office opens on 26 June
In addition to the official opening the deputy premier will attend the Financial Action Task Force Plenary in Singapore
06/20/2024
First deputy governor Donovan Ebanks to get official farewell
Ebanks first joined the Public Works Department in 1975.
06/20/2024
Ogier Global obtains CSSF licence to expand European fund administration offering
With the newly acquired CSSF licence, Ogier Global is equipped to provide an expanded suite of fund administration solutions to its global clientele.
06/19/2024
BMA registers three insurers
The island’s financial services regulator has also registered four intermediaries.
06/19/2024
R&Q to file for provisional liquidation
R&Q announced it had agreed to sell Accredited for $465 million to Onex in November.
06/18/2024
DoT cuts deals worth $12.3M with US agencies
The two contracts are worth over CI$12.3 million to showcase this destination and attract more visitors from North America and other parts of the world.
06/18/2024
Regulator tells local banks to do better!
The Commission expects to see a marked improvement in the market conduct of banks
06/18/2024
Regulator tells local banks to do better!
People have expressed that banks have very archaic with inefficient systems for simple day-to-day transactions like cheques and payment processing.
06/17/2024
BMA to bolster legislation that governs corporate service providers
BMA to bolster legislation that governs corporate service providers
06/17/2024
ECB rate cuts not a linear downward path, Lagarde says
UK unemployment rises in April to 4.4%, its highest level since September 2021
06/17/2024
BOJ to cease exchange of CAD, GBP, and EUR coins
This operational hurdle has rendered it increasingly difficult for the Bank to derive value from the exchanged coins.
06/17/2024
FTX Bahamas customers given mid-August claims deadline
The US Bankruptcy Court is scheduled to hear the Chapter 11 Debtors’ Reorganisation Plan on June 25th.
06/17/2024
It is extremely difficult to get information out of a body that regulates the Island’s finance industry, our biggest employer
In the UK, fellow journalists and I use the FoI Act often: including to request information from the Financial Conduct Authority (FCA), the regulatory body for the finance industry.
06/17/2024
ODPA moving closer to the centre of Town
The usual drop-ins at St Martins House have been paused while the move takes place, and will restart twice-monthly from late August.
06/13/2024
Access to beneficial owner information of companies registered in Jersey is changing
This information is not currently publicly available, although it is accessible by regulatory and law enforcement bodies.
06/13/2024
Be Prepared: Key Cayman Islands Voluntary Liquidations Deadlines and Dates to Consider
In addition to immediate cost-savings, companies can avoid other filings and any fees that might arise out of having a stub year.
06/12/2024
The use of cash in Jersey to be reviewed
In April, Economic Development Minister Kirsten Morel said that he was considering bringing a proposition in a non-ministerial capacity to enshrine the right to use cash in law.