Managers of Wealth Offshore

A guide to JPUTs (Jersey Property Unit Trusts)

A Jersey Property Unit Trust (JPUT) is a legal structure whereby legal ownership of assets (primarily non-Jersey real estate) is vested in one or more trustees

Restrictions as broadband and mobile users face mid-contract price hikes

Malta Communications Authority 'seriously concerned' about price clauses

Migration to the Cayman Islands and the SEC private fund adviser rules

This update provides an overview of the types of entities that can be migrated into the Cayman Islands

Guernsey funds legal and regulatory update December 2023

The States of Guernsey Policy and Resources Committee has issued guidance (here) on the application and scope of the new requirements.

Barriers to Business report published with 38 recommendations for Government

Throughout the research, businesses were asked to identify the positive experiences they have of doing business in Jersey.

Strategy unveiled to strengthen the fight against financial crime

Global Participation: The Island will actively participate in the global fight against financial crime.

Changes possible to the Isle of Man Depositors’ Compensation Scheme

The intention is to update the DCS to make it more effective, enhance the timeliness of payments, and maintain confidence and stability in the island’s financial system.

Isle of Man Trusts and Trustees Act 2023 Update

Where a trustee is entering into a transaction with a third party as a trustee, and has informed that third party in writing that it is transacting as a trustee, then the trustee’s liability is limited to the value of the trust property.

Guernsey funds legal and regulatory update December 2023

The Registry has issued a template for LP Incs to use when submitting their particulars of governance

Michael Richards Featured in Article on Private Fund Rules

We’ve previously covered how on August 23rd, the SEC announced a set of amendments to the Investment Advisers Act of 1940.

"Challenges" overcome after human error left 5,000 people unpaid

The spokesperson reiterated that the mistake was nothing to do with any past IT issues which the States have experienced which have been widely reported previously.

‘Where there is a will, there is a way’

Mr Jacob, called “the godfather of Asian family governance work”, discussed family wars at the event at the Bermuda Underwater Exploration Insitute.

Frozen Crypto Assets and a Dissolved Company: The EC Court of Appeal’s Application of Convoy Collateral

Applications for service outside of the jurisdiction may therefore be obtained for contemplated claims against dissolved entities.

Thematic examination for Q1 and Q2 2024 – Politically Exposed Persons (PEPs)

Examinations will commence in January and supervised persons that have been selected for this thematic examination can expect to be notified soon.

Trust event to consider impact of UK Labour government on Bermuda

The Bermuda branch, which has designed the conference, has some 180 members who serve the island’s trust and private client industry.

AML update: JFSC announces its focus on PEPs in January 2024

The Examination will commence in January and selected supervised persons for the Examination can expect to be notified soon.

Guernsey's comprehensive life insurance offerings for South African institutions 

These are international insurance wrappers assisting policy holders with, amongst other things, inheritance tax and succession planning.

Central Bank governor's energy subsidy warning

Edward Scicluna says fiscal support must be 'targeted and temporary'

Incorporating a Jersey Company

This briefing summarises the types of company available under Jersey law, the main steps involved in incorporating a Jersey company and some related points.

Regulatory Compliance: Bermuda Economic Substance and AML/ATF Regimes

Satisfying the ES Requirements will not always require an entity to establish a ‘brick and mortar’ physical presence in Bermuda.

Regulation, Risk & Compliance