Managers of Wealth Offshore

BMA to consult on changes to IILT and IIGB regulatory regimes

The BMA introduced the Class IIGB and Class IILT licence classes under the Insurance Act 1978 in 2019 and 2022, respectively.

PIPA – Are Fund Entities “In-Scope”?

Each fund must appoint a Privacy Officer.

Company hit with $600,000 penalty for regulation failures

The statement said Meritus had since remediated the identified breaches “to the satisfaction of the authority”.

Central Bank expects 2025 to be a good year for Malta's economy

Bank revises GDP projections up and says wages will grow faster than in 2024

Fidelis secures $375m of collateralized reinsurance via latest cat bond

The Class A and Class B Notes provide Fidelis with approximately four years of protection

BMA Levies Civil Penalties On Meritus Trust

The Authority took into consideration the nature of the breaches as well as comparable cases in determining the appropriate level of civil penalties to impose.

Regulator received £1.6m income from civil penalties

FSA says it’s committed to support the island’s reputation as a successful place to do business

Virtual Assets in the Cayman Islands Update

This update covers important updates to virtual assets regulation in the Cayman Islands.

The Use of Mediation in Restructuring and Insolvency: A Cayman Islands Perspective

Mediation has also been used in achieving effective outcomes in a number of high profile cross-border insolvency proceedings

Consultation on new legislation to protect private sector renters and landlords

Even though the private rental market accounts for more than a quarter of all Guernsey housing, it is currently unregulated.

BMA is to consult on changes to public disclosure regime

The BMA said the proposed public disclosure of assets and liabilities “responds to the broader global trend and structural shifts in the life and annuity sector

A guide to Guernsey investment funds

Growth is also attributable to the high quality of services available in Guernsey

GPs behaving badly: disputes involving Cayman exempted limited partnerships

The surge in PE deal volume will incite a collective sigh of relief from M&A lawyers

Jersey foundations

A foundation is required to have a guardian at all times.

Islands need full transparency in fight against dirty money, UK Government says

The Crown Dependencies have company beneficial ownership registers and they share data from these with UK law enforcement via the Exchange of Notes arrangements.

Bahamas' strong financial services laws, products highlighted at STEP Asia

“STEP Asia was a highlight to end the last quarter of 2024,” said Lawrence.

New guide to sustainability-related risks and opportunities

The guide explains that throughout its value chain a company depends simultaneously on resources and relationships

ESMA publishes new Q&As on its Fund Naming Guidelines

ESMA has also confirmed that in-scope funds do not need to comply with the PAB/CTB exclusion criteria

Baker & Partners Secure the First DPA in Jersey

This is the first deferred prosecution agreement in Jersey and was ratified by the Royal Court.

Federal Reserve signals caution on future interest rate cuts

Fed cuts rates to 4.25-4.5%, forecasts two reductions in 2025, as opposed to previous four

Regulation, Risk & Compliance