Managers of Wealth Offshore

New requirements for re/insurers

Any such requirement must take into account the nature, scale, complexity and risk profile of the insurance business

Maldives signs USD40 M agreement with Saudi Arabia

Maldives signs USD40 million agreement with Saudi Arabia to establish SME Impact Fund

The Silicon Valley Bank (SVB) debacle

Based on its main client type, deposits held there were typically above the maximum.

‘Act now’ to help Islanders with costs

Reform Jersey’s Deputy Raluca Kovacs said that the States decision last year to reject her proposition to remove GST from food was a ‘missed opportunity’ to help those most in need.

An overview of investment funds and asset protection in the British Virgin Islands (BVI) and the Cayman Islands

Both jurisdictions offer a wide range of investment products and services

Irish Court of Appeal gives significant ruling for lenders and funds in enforcing security

Borrowers should now be aware that liens registered pursuant to Section 73 can secure loan agreements or advances made after 31 December 2006.

Mosaic and Safe Security offer global cyber cover

Mosaic’s primary product leverages Safe Security’s award-winning cyber-risk platform, offering inside-out evaluation to organisations and rewarding their investment in security solutions through premium-rate incentives.

Start-up smart: GDPR compliance made easy

It must be transparent – you must tell an individual why and how you are processing their data.

Officials still trying to get Cayman off grey list

If the jurisdiction is to be removed, that is expected to happen at the following plenary, which will be in October.

Features and benefits of BVI Approved Funds for startup, emerging managers

Approved Funds are limited to a maximum net asset of USD100 million, or another currency equivalent.

Trinidad and Tobago, US talk energy, food, finance

These committees are composed of representatives of the US government and various Caricom governments.

Carey Olsen and JTC Group assist Valour with new physically digital asset-backed offering

Chris said: "We enjoyed assisting Valour launch their ETPs programme from Jersey and were pleased to see another cross-jurisdictional promoter choosing Jersey as a jurisdiction in the digital assets space."

The Rules of Engagement - Repeal and Revision of the CPR in the BVI

The revised rules have also brought clarity to the proper process by which an arbitral award is to be enforced.

SEC ordered to speak up on cryptocurrency regulation

The crypto exchange referred to a 2022 petition asking for formal rule making within the digital assets sector, to which the SEC is yet to respond.

“Diminished” P&R investment performance “concerning”

Deputy Ferbrache also said CA undertook a “comprehensive review” of existing managers and the overall strategy

Five chapters authored for Legal 500 Private Client guides, 2023

The guides provide a pragmatic overview of the laws and regulations of private client practice and information about taxes, succession laws, wills, trusts and their structures.

No taxation, years of complex crypto industry regulations, and other benefits of obtaining an offshore license

The main advantage of starting a crypto company is increased privacy.

Walkers (Bermuda) Limited Acts on Yorkshire and Clydesdale Bank Pension Scheme

The longevity insurance policy is structured as an insurance arrangement between the Trustee and ZAL

Jersey and Guernsey reaffirm international commitment to combatting financial crime

Minister Allinson said: “It is important for the Isle of Man to reaffirm its commitment and stand alongside other countries in combatting financial crime in all its forms.

Hogan Lovells is engaged by the Securities Commission of The Bahamas to draft new DARE Bill 2023

Building on the DARE Act 2020, the DARE Bill aims to address legislative gaps, ambiguities, and procedural concerns within current legislation.

Regulation, Risk & Compliance