Managers of Wealth Offshore

Switzerland to Review its Banking Secrecy Law After Suisse Secrets Revelations

The probe will now determine whether Article 47 needs to be updated.

Guernsey - The Private Investment Funds Regime

Where the manager or general partner needs to obtain a licence, the application is made at the same time as the PIF registration application and is fast-tracked on the same one business-day turnaround.

P&R to stay on after tax debate

A review into major building projects should be completed by the end of March, which includes those already in the pipeline such as the second phase of the hospital modernisation project.

FATF still concerned by Cayman’s failings on action plan

The FATF has strongly urged the Cayman Islands to “swiftly demonstrate significant progress in completing its action plan by June 2023 or the FATF will consider next steps if there is insufficient progress”.

Guernsey Immunity Certificate Fee Increase

The application is ordinarily made in the initial stages of a purchase

BVI Business Companies (Amendment) Act, 2022: New Provisions in Force for Struck Off and Dissolved Companies as of 1 January 2023

A major change brought by the new legislation is the date by which the struck off company is deemed dissolved.

Central Bank of Ireland publishes details of streamlined filing process for SFDR updates to UCITS and AIF pre-contractual documents

Any other changes must comply with the usual Central Bank review process for the relevant fund and should be submitted to allow sufficient consideration time.

KPMG Learning Academy offers gateway to ACCA qualification

A globally-recognised passport to a career in accountancy

Central Bank reports $30 million January decline in external reserves

Contributing this outturn, the Central Bank’s net purchases from commercial banks moderated to $7.1 million from $48.2 million in the preceding year.

BILTIR backs BMA’s proposed regulatory changes

The proposed regulatory enhancements cover technical provisions, Bermuda Solvency Capital Requirements, the governance of the EBS framework and BMA fee changes.

Malta Financial Services Authority provides new proposed regime

Similar to another regime – the Notified AIF – the NPIF is only subject to a notification process and hence will not be licenced by the MFSA.

St Kitts and Nevis becomes first Caribbean nation to sign agreement with AFREXIMBANK

The two-day event in the Bahamas witnessed many leaders from around the Caribbean region addressing individual & common issues and discussing their solutions.

Enstar signs motor book LPT with RACQ

This transaction with RACQ, one of the largest auto insurers in Queensland, is well aligned with our core competencies

Investment Business Amendment Act 2022 – Application Deadline

Existing entities brought into scope by the Amendment Act of the requirement to be registered or licensed under the IBA will need to apply to the Bermuda Monetary Authority

Licensing under the new lending, credit and finance law

Any business activity that is within scope of the LCF Law is not permitted without a licence

ZEDRA completes rebrand of US and Curaçao based fund services provider, Atlas Fund Services

Reflecting ZEDRA’s ambitions for the US and LATAM market and commitment to becoming an international leader in the funds services industry.

KPMG head urges companies to prepare for the unexpected

The event, hosted in conjunction with KPMG, was attended by more than 100 people.

Enstar completes $1.9bn LPT deal with QBE

This transaction, our second significant collaboration with leading insurance group, QBE, represents a unique and emerging business opportunity for Enstar.

RA says it does not regulate environmental emissions

The RA’s primary mandate is to provide an effective regulatory framework that serves all utility related stakeholders

BIA: Health insurers did not violate VAT law

“The BIA rejects the assertion that health insurers were operating in contravention of the law,” the BIA said.

Regulation, Risk & Compliance