05/05/2023
“Diminished” P&R investment performance “concerning”
Deputy Ferbrache also said CA undertook a “comprehensive review” of existing managers and the overall strategy
Regulation, Risk & Compliance
05/05/2023
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.
05/05/2023
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.
05/05/2023
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
05/03/2023
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.
05/03/2023
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.
05/03/2023
Securities Commission of The Bahamas Opens Consultation Period for DARE Bill 2023
The DARE Bill 2023 expands the definition and list of digital asset business activities and includes robust consumer and investor protection, risk management, and market innovation and development provisions.
05/02/2023
Minimum wage to take effect on June 1
This new entity, the Department of Labour, will aim to improve relations between employers and workers and fight for and enhance labour policies.
05/02/2023
Central Bank acknowledges “less than satisfactory” bank account opening time, touts improvements
The target is to reduce the average experience to less than two weeks.
05/02/2023
What is the revised scope of Jersey’s AML/CFT/CPF Regime and what are the options for those now in scope?
Exemptions from compliance with the AML/CFT/CPF Regime have previously been linked to exemptions available from conduct of business and prudential regulation (JFSC Regulation) by the Jersey Financial Services Commission (JFSC).
04/28/2023
Proposal to increase pensions and benefits in Guernsey defeated
The States vote was tied 18-all, which means there will be no change to the current annual adjustments.
04/28/2023
Cayman Inspectorship – an exceptional remedy?
ADF’s central concern is the governance of the Company and the constitutional arrangements within the Company which have allowed the IM to have effective control and tenure.
04/28/2023
Global Registration Services Market Update Q1 2023
Whilst the FSMA will continue approving marketing communications towards retail investors in advance, the FAQ provides details of certain exceptions which may apply in case of very short marketing communications whereby prior approval may not be required.
04/28/2023
IRS Releases Memorandum on the tax Consequences of a blockchain protocol upgrade
The Merge was one step of Ethereum’s roadmap to better scale itself and adapt to the latest technologies that emerge from research and development.
04/28/2023
Watchdog critical of Government of Jersey's risk management
The Comptroller and Auditor General (C&AG) has published its follow-up report on the island's integrated technology solution (ITS).
04/27/2023
Key points to consider when handling personal data
A data controller is a person/entity who makes decisions about why and how personal data is handled.
04/27/2023
Securities Commission unveils digital assets legislation overhaul
The revised legislation includes robust consumer and investor protection, risk management, and market innovation and development provisions.
04/27/2023
Lootah Biofuels signs agreement to establish first biofuel plant outside UAE
To establish its first biofuel production plant from waste cooking oil outside the UAE
04/27/2023
Public Consultation on Proposed Enhancements to Supervisory Powers within the Bermuda Investment Funds Act
These proposals include requiring Professional Class A, Class B and Closed Funds to prepare financial reports that contain audited financial statements.
04/26/2023
An introduction to the new Trading Standards (Fair Trading) (Guernsey) Ordinance, 2023
The TS Ordinance introduces a statutory framework to protect consumers and ensure fair trading.