Keep up to date with the latest issues shaping the industry landscape across the world's major international finance centres with our thought-leadership series compiled by our in-house experts, as well as clients of and fellow advisers to our business.
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The Cayman Islands Government has now released their final updated reporting schema showing exactly what information needs to be filed with the Competent Authority. Even Companies that are exempt from maintaining a Beneficial Ownership Register (“register’) need to declare that they are exempt and state which exemption is relevant to them, this is now also reported to the Competent Authority.
In late 2017 the Cayman Islands issued an amended Proceeds of Crime Law (“AML LAW”), Anti-Money Laundering Regulations and updated AML Guidance Notes (together “the Cayman AML Rules”).
Within the capital markets, there remain a large number of customers who are looking for unique opportunities in alternative investments. One such area that is proving popular is a viable alternative to traditional markets is the insurance-linked securities (ILS) space, which, since the ’08 financial crash, has built significant traction among institutional investors keen to seek out yield in non-correlated assets.
The EU’s new General Data Protection Regulation (GDPR), which has been in the offing for years, will finally come into force in May this year, with the aim of unifying and strengthening data protection across Europe, and addressing the export of personal data outside the EU
As your Cayman fiduciary and administration service provider, we wish to notify you of a recent Industry Advisory, which was issued by the Cayman Islands Government Department for International Tax Cooperation, that affects Constituent Entities of Multi-National Enterprise Groups, namely the ‘Country-by-Country Reporting’.
In the decade that has followed the global financial crisis, Guernsey’s fund industry has undergone a transformation. Where once the market was dominated by open-ended funds choosing to domicile in the Channel Islands, the downsizing of the hedge funds sector in the wake of the financial crisis has driven the growth of a thriving closed-end funds market on the island.
In the past decade, Guernsey has established its reputation as the destination of choice for non-UK incorporated companies listing on the Main Market of the London Stock Exchange (LSE), and on the Alternative Investment Market (AIM).
An insight into the British Virgin Islands’ new private beneficial ownership platform.
Listing sponsors (or 'agents' as they are known in the Cayman Islands) play an important role for those wishing to list their securities on the global stock exchanges. The sponsors (or agents) are the experts in relation to the listing and exchange matters, and provide a vital interface between the issuer and the exchange.
The UK Government has announced its decision to introduce into Parliament the Finance (No.2) Bill 2017 as soon as possible after the summer recess. This brings back into contention the changes to taxation for non-UK domiciliaries that we detailed in our bulletin previously sent out in March.
Keep up-to-date with the latest news, views and developments
from our teams across the Estera group.