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  • 22 January 2018 Andrew Harding

    New exemptions for fund managers

    As of the first of November 2017, Isle of Man law allows for the establishment of a person to act as exempt manager, exempt asset manager or exempt investment adviser to or more Isle of Man specialist funds without having to be regulated by the Isle of Man Financial Services Authority (IOMFSA). This briefing below has been created to help you understand the potential opportunities arising from this new exemption....

  • 22 January 2018 David Pytches

    For whose benefit? Transparency and beneficial ownership in the Isle of Man

    30 June 2018 is the absolute cut-off date by which all companies and certain other entities in the Isle of Man must have submitted details of their principal owners and controllers to the Companies Registry for inclusion on the new database of beneficial ownership. In this article, we look at the practical application of the rules created under this significant and far-reaching new regime....

  • 22 January 2018 Simon Harding

    Offshore life insurers face new conduct of business rules

    In the race towards greater regulation and the codification of requirements to treat customers fairly, the general perception is that the Isle of Man life sector was lapped some time ago.  This perception has been somewhat reinforced by the delays surrounding the introduction of the Insurance (Conduct of Business) (Long Term Business) Code 2018. However the Code has recently come back into contention......

  • 16 January 2018 Clive Langley

    Bermuda adopts Cape Town Convention

    Effective 1 January 2018, the Cape Town Convention and the related Protocol (Convention) came into force pursuant to the Bermuda International Interests in Mobile Equipment (Cape Town Convention) Act 2016. The Convention is an international legal framework (recognised in all Contracting States). It enables interested parties to protect and recover their mobile assets with greater certainty and ease by creating an international registry. ...

  • 15 January 2018 Tim Faries

    Appleby Bermuda involved in the majority of ILS deals in 2017

    Appleby acted on the majority of transactions involving insurance-linked securities (ILS) during 2017. According to figures published by the Bermuda Stock Exchange (BSX) and the Artemis Deal Directory & Dashboard, 62 new transactions resulted in a record amount of catastrophe bonds being issued in 2017 ($12.56 billion), with ILS listings on the BSX also reaching a high of almost $26 billion....

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