03/21/2023
Revised ELTIF Regulation Published in the Official Journal
ELTIFs will allow retail investors the opportunity to invest in companies and projects that need long-term capital
Regulation, Risk & Compliance
03/21/2023
UK Privy Council declines to hear family's challenge to lifetime transfer into trust
However, before his death in 2015, Perry transferred the company into a Liechtenstein discretionary trust, in which neither his wife nor daughter had a proprietary interest.
03/20/2023
BMA issue guidance notes on insurers’ climate change risks
The requirements are to be phased in, beginning with year-end 2022 reports.
03/20/2023
Eastern Caribbean Central Bank wins award
It also received a commendation for the wide range of topics discussed, the diversity of the guests, and the inclusion of citizens from across the Eastern Caribbean Currency Union (ECCU) in the programs.
03/20/2023
Cash or Security: The Cost of an Interim Injunction in BVI Proceedings
The cross undertaking in damages contained in the WFO was not fortified.
03/20/2023
Limited partners' statutory right to information concerning a Cayman Islands exempted limited partnership remains wide and unqualified
On 10 March 2023, the Honourable Justice Parker handed down his decision
03/20/2023
BMA issues expectations on insurers’ climate change risks
The requirements are to be phased in, beginning with year-end 2022 reports.
03/20/2023
Guidance concerning the disqualification of a person from acting as a director
The most common way the AG will become aware of any disqualification triggers would be through the JFSC
03/17/2023
TrueUSD Moves $1B in Reserves To The Bahamas After U.S. Banking Failures
“The funds are with the US, but we need to use an offshore bank to achieve that.”
03/17/2023
Irish FinTech Regulation Focus 2023 - Six Key Areas
This sector continues to see significant growth
03/17/2023
Barbados to resume offshore licensing process in April
The prime minister added that there is the possibility of entering into bilateral partnerships to tap the hydrocarbon resources.
03/17/2023
Carrying on business in the Cayman Islands
The guide below sets out the process and procedure to apply for a trade and business licence and, where applicable, a licence under the Local Companies (Control) Act (as amended).
03/16/2023
Bank industry warns of phishing scams
To avoid phishing scams, do not respond to e-mails or pop-up messages asking for personal or financial information.
03/16/2023
Amendment to Matrimonial Causes Act Brings No-Fault Divorce to Bermuda
These amendments have brought a welcome end to the divorce “blame game” that was required under the old legislation.
03/15/2023
Cyber protection gap much bigger than nat cat
The report also provides an overview of the wide range of potential levers that can be used by a broad variety of stakeholders to address the gaps.
03/15/2023
Jersey Limited Liability Company (LLC) legislation to enhance pan-Atlantic business for US fund managers.
A Jersey LLC is a corporate entity with limited liability of its members.
03/15/2023
Government missed red flag before Signature closure, says OBA
Were they providing any ongoing monitoring and due diligence since the start of the relationship?
03/15/2023
What is the revised scope of Jersey’s AML/CFT/CPF Regime and what are the options for those now in scope?
It is important to note that there has been no change to scope of JFSC Regulation.
03/14/2023
CBCS publishes core guidelines for credit institutions
The Guideline for the Sound Management of Credit Risk includes principles for the sound management of credit risk associated with the implementation and ongoing application of overall credit risk practices by credit institutions.
03/14/2023
EY and Revenue Jersey advice on Automatic Exchange of Information Regimes compliance
The seminar provided practical advice and an update on FATCA and CRS developments, as well as Revenue Jersey’s expectations from the financial services industry on compliance in Jersey.