Managers of Wealth Offshore

Jersey consults on AEOI regulations

The consultation will end on 18 March.

Sompo International secures primary insurance licence in France

The granting of the French primary insurance license not only supports the company’s strategic expansion but further strengthens our position in Continental Europe.

Company withdraws appeal against ultimate beneficial holder’s liquidation order

There is a general common law rule that a winding up order on the ground of insolvency is a special circumstance that justifies the making of an order for security for costs.

Why do data protection laws matter?

Data protections laws act as a guarantee against unwarranted intrusions in the lives of individuals by permitting the setting up of boundaries and creating barriers.

Three insurers registered in January by the BMA

The BMA noted that the registration/licensing of approved insurance entities is issued after the IALC application process and may be confirmed in future periods.

Regulatory Focus on Undue Costs in UCITS and AIFs

On 17 May 2023, ESMA published an Opinion on undue costs of UCITS and AIFs

The Licensing and Regulation of Banks and Trust Companies in the Cayman Islands

It deals in broad terms with the requirements of Cayman law for the establishment and operation of such entities.

BOV launches ‘Rebbiegħa’ initiative

Initiative aimed at revitalising and protecting Malta’s environment

The role of regulatory governance codes

Strengthening governance structures of regulated entities

Changes to FCA rules: Navigating Financial Promotions in 2024

Effective from 7th February 2024

The States makes a major change to Jersey intestate collateral succession rules

Under Jersey customary law, a piece of immovable property which is inherited on intestacy falls into one of two categories; it is either a propre or an acquêt.

Successful succession: Personal investment holding companies in the BVI

Shares in a BVI Company may be held jointly with rights of survivorship

Walkers advises EPIC Investment Partners on becoming Super ManCo

The Walkers team was led by partner Nicholas Blake-Knox and senior counsel Michael Dyulgerov and assisted by associate Julia Noonan.

Conyers Successfully Secures Winding-Up Order Against Cayman Islands Fund Investment Manager Within 3 Month

Conyers effected service of a statutory demand for the Debt on the Company on 4 October 2023.

How environmental and social issues are likely to be incorporated into Isle of Man law

The Isle of Man presently does not have any framework of its kind

Ocorian expands global regulatory team with Bovill acquisition

Bovill’s team of 81 specialists, complementary services and global footprint will combine with Newgate, Ocorian’s existing regulatory and compliance business in the UK and Guernsey

Mastering remediation: commitment, planning and consistency

Businesses will be required to give attestations to the regulator in respect of the completion of remediation.

S&P takes Bermuda holding companies off CreditWatch

S&P said the conclusion forms the basis of its ratings and determines the conditions under which senior debt issued at the holding company level would be eligible for inclusion in total adjusted capital (TAC) under our updated capital model criteria.

EU plans new rules that will require businesses to pay bills within 30 days

Maltese business and credit sector worried about impact on local SMEs

Federal Reserve rules out imminent interest rate cut

Eurozone inflation falls less than predicted in January, tempering investor hopes the ECB will cut interest rates as early as spring

Regulation, Risk & Compliance