11/10/2023
ArawakX hits out at regulator’s top exec over “ill advised” conversations with BOB
BOB had frozen access to the crowdfunding platform’s accounts on October 31, 2022
Regulation, Risk & Compliance
11/10/2023
Paperless Listing Regime and Mandatory Electronic Dissemination of Corporate Communications: Impact on Bermuda, Cayman Islands and British Virgin Islands listed issuers
In respect of communications by means of a website, a holder is only deemed to have given consent that the issuer may send communications by means of a website in limited circumstances.
11/08/2023
Income over £80k won't be taxed at 22%
This concern was shared by Deputy Dave Mahoney from Policy and Resources who said that neighbouring jurisdictions would be "rubbing their hands together with glee" as they listened in to the debate.
11/07/2023
Consultants: new BMA standards should be embraced
The BMA papers focus on enhancing the regulatory regime for the long term business of life insurers and reinsurers.
11/07/2023
Walkers acts as Cayman Islands counsel to Tabby on its US$200 million series D equity financing
The company has 10 million users and works with over 30,000 brands, including 10 of the largest retail groups in the MENA region.
11/07/2023
Competition Authority fines JT for network failure
The Authority’s Final Decision and the Penalty Order has been published on its website.
11/02/2023
Regulatory Insights: How Recent Changes Impact Cayman Islands Funds
A total of 150 attendees participated, both online and in-person
11/02/2023
Update to the Probate (Jersey) Law 1998 - Probate (Amendment) (Jersey) Law (The PJL)
The Amendment provides for new arrangements relating to the management of movable estate
11/02/2023
Central Bank publishes a consultation paper on ELTIF chapter for the AIF Rulebook
The Consultation Paper proposes details of a new ELTIF chapter in the Central Bank's AIF Rulebook
11/02/2023
National Investment Policy overhaul to foster greater inclusion of domestic investors and businesses says PM
She noted that the BIA is undergoing a number of advancements in terms of human capital, revamping existing legislation and policies
11/01/2023
Malta to delay introducing new corporate tax rules
Finance Minister says EU countries can benefit from six-year derogation
11/01/2023
Central Bank Governor projects economic growth in three to four percent range
“Based on trends in tourism and the observed level of foreign currency inflows through the private sector, the economy is still expected to grow at an above-average pace in 2023, in the three to four percent range.
11/01/2023
Financial watchdog revises beneficial ownership rules
Changes include the FATF’s “strengthened” beneficial ownership and transparency standards.
11/01/2023
Getting closer to CLOs
Guernsey offers similar tax, legal and regulatory advantages and should be an attractive alternative
10/31/2023
JFSC consults on 10.1% fee increase
The Commission has launched a consultation on the proposed increases, asking for feedback by 24 November.
10/31/2023
Cayman Islands and Panama no longer subject to FATF increased AML scrutiny regime
Finally, FATF found, the jurisdiction was not demonstrating that it was prosecuting all types of money laundering in line with its risk profile
10/31/2023
Job cuts to save Butterfield $13m annually
Mr Collins was speaking during the bank’s quarterly earnings call, which took place a day after Butterfield announced third quarter net income of $48.7 million.
10/30/2023
Over two decades on, CIG still struggles with accounts
Another worry about the management of public finances is the failure of many public entities to follow procurement rules.
10/30/2023
GCRA updates advice on data roaming
Michael Byrne of the GCRA said the decision to alert consumers to the potential problems follows a recent complaint by a customer of a local mobile network provider, which has since been resolved.
10/30/2023
Guernsey urged to scrap 'unfair' tax cap
Out of our 65,000 residents, approximately 30 individuals benefit from our generosity.