Managers of Wealth Offshore

Welcome Enhancements to the QIAIF Pre-Submission Process

The Central Bank does not commit to any specific time-frame within which to review a pre-submission

Ocorian targets strategic expansion in €3.88 trillion Irish funds market

In addition, they are also targeting existing managers that are looking for a higher level of expert client service and single point of accountability for their relationship.

Jersey agrees 2.9% pay rise for majority of public sector workers

The rises follow concerns about the cost of living - with inflation set to reach 6% by the end of the year.

JTC And Charles Russell Speechlys Partner To Provide Governance Support

The outsourcing agreement between the two firms leverages the depth of experience and expertise within JTC to support and enhance the governance offering of CRS.

Banks warned over 400% fee increases

If passed, the new laws will allow for the regulation of banking fees, similar to provisions that exist in other major countries.

Ontario regulator’s warning due to ‘misunderstanding’ - Relm

FSRA stated: “It has been reported that Relm Insurance Limited is advertising the sale of insurance products in Ontario without a valid licence.”

Ontario regulator warns Relm is unlicensed

Relm also reinsured the US’s first cryptocurrency insurance product for retail wallet holders.

TISE update to Continuing Obligations Listings Rules - July 2022

The submission of financial information by an issuer on an annual basis has been streamlined.

Bank Of Jamaica Further Tightens Monetary Policy

The Bank also decided to continue pursuing other measures to contain Jamaican dollar liquidity expansion and maintain relative stability in the foreign exchange market.

Barbados’ debt trap is real, says Wood

Conversely, he noted Dr Howard, a retired Professor of Economics and specialist in Public Finance, had serious reservations about Barbados’ ability to repay the IMF loan based on the current economic trajectory of the Mottley administration.

Ministry rejects ‘dirty money’ suggestions made in UK probe

Malta's checks among 'most robust in world'

Regulator clarifies expectations of telecoms operators with 999 Guidance

The purpose of the Guidance is to clarify expectations on telecoms operators that have a licence condition obligation to provide an emergency calls service.

JFSC increases selected fees by 11% from 1st July

The Fund Services Business fees will also be increased by 11.1% however; the proposed change of control fees will not be implemented.

Successful amendment grants flexibility on affordable housing developments

Currently, policy GP11 requires all developments over 20 units of accommodation to provide up to 30% of the land for affordable housing purposes through the Guernsey Housing Association.

Future Of Financial Services Forum In Switzerland Yields Strong Local Insights

Minister Ebanks said valuable insights, from both presenters and during informal discussions, have helped to inform the way forward for the Cayman Islands on several matters related to the digital economy.

Implementation of the EU Directive on Transparent and Predictable Working Conditions

Employers should plan to review their template contracts of employment to ensure consistency with the Directive.

OfReg commissions Value Of Solar Study for the Cayman Islands.

The study will include impacts on the transmission and distribution grid, energy costs, address rate design options, and the economic potential of local distributed solar energy systems.

The Caribbean Development Bank's infra bets in Antigua and Barbuda

Another consultancy contract was awarded this year to Bahamas' Caribbean Civil Group for the US$28mn road rehabilitation program that involves works on the Royal Gardens Road and Herbert’s Main Road.

Realtors to sign memorandum with Bank of Jamaica over data platform

Realtors in Jamaica are engaged in the sale of property, a multi-billion-dollar industry

Harneys advises on the BVI FSC’s second successful admission to the Regulatory Sandbox

Structure.fi is opening the product to a growing number of participants; obtaining real time feedback from users in order to bring a product to market that fulfils their commitment to create a platform that works for the broadest range of potential invest

Regulation, Risk & Compliance