Appleby Cayman Islands Regulatory Update – Spring 2023
This Regulatory Update from leading off-shore law firm Appleby discusses key 2022 legislative and regulatory developments and looks ahead at future (and already published) 2023 regulatory developments in the areas of CIMA’s administrative fines regime, financial sanctions and CIMA published circulars. The Appleby Cayman Regulatory Group advises on all areas of Cayman Islands financial services regulation and compliance, including the securities investment business regime, the Insurance/Reinsurance regulatory regime, Anti-Money Laundering compliance as well as Economic Substance and FATCA/CRS compliance.
Enforcement of security under the Security Interests (Jersey) Law 2012
Find out more about why the Security Interests (Jersey) Law 2012 (2012 Law) makes Jersey popular as a jurisdiction for establishing investment and asset holding structures.
Listing Variable Funding Notes (VFNs) on The International Stock Exchange (TISE)
This article explores what a Variable Funding Note is and offers an introduction to what is required in order to process the listing or delisting of Variable Funding Notes on The International Stock Exchange (TISE).
Bermuda: An Introduction to Dispute Resolution in 2023
This edition discusses Current Economic Conditions.
Offshore AML Regulation and Enforcement in the Cayman Islands
In the February 2023 edition of Financier Worldwide, Miriam Smyth answers questions about AML Regulation and Enforcement in the Cayman Islands: what it means, the consequences of non-compliance with the AML Regime, the Cayman Islands Monetary Authority’s enforcement regime and what’s in store for 2023.
Private Equity and Venture Capital Funds – The British Virgin Islands Option
A breakdown of BVI’s corporate and limited partnership laws demonstrates BVI is and remains a highly attractive domicile for PE and VC funds, through the Territory’s legal and regulatory infrastructure coupled with the strength and expertise of its service providers.
Listing High Yield Bonds on the International Stock Exchange (TISE)
High Yield Bond issuers and their advisers continue to favour listing on The International Stock Exchange (TISE), with more than 400 High Yield Bonds listed on TISE at the end of 2022. Here, we provide an introduction to listing High Yield Bonds on TISE and a summary of Appleby’s own listing agent services.
Bermuda's Personal Information Protection Act - Are You Ready?
There have been recent indications from the Bermuda Government that Bermuda’s Personal Information Protection Act 2016 (“PIPA”) may come into full force in May or June.
Beneficial Ownership Registers: An Update
On 22 November 2022, the Court of Justice of the European Union declared that the provision of the EU Anti-Money Laundering Directive, whereby Member States must ensure that the information on the beneficial ownership of corporate entities incorporated within their territory is accessible in all cases to any member of the general public, is invalid.
Consideration should be given and appropriate advice should be sought as to what would be the most appropriate jurisdiction for the formation of any particular structure in its specific circumstances, in order to make the best use of any available regulatory arbitrage opportunities.
Will the amendments to the BVI Business Companies Act assist litigants?
The BVI Business Companies (Amendment) Act, 2022 and the BVI Business Companies (Amendment) Regulations, 2022, gazetted by the BVI Government on 12 August 2022, came into force on 1 January 2023.
Starting a captive in Bermuda? What you need to know.
Bermuda has seen a steady increase in new captives being formed as well as new structures, risks and geographies being covered. Matthew Carr of Appleby examines the most common questions the law firm receives relating to the Island.
