The Global - 2025 Q3 Review

Simplified Due Diligence in Bermuda

Simplified Due Diligence (SDD) and Reduced Due Diligence (RDD) are critical features of a modern, risk-based anti-money laundering framework. They offer regulated financial institutions the opportunity to streamline customer onboarding and monitoring processes in cases where the risk of money laundering or terrorist financing is demonstrably low.

John Wasty, Jarion Richardson

Fintech Laws and Regulations British Virgin Islands 2025

This chapter examines some of the key challenges in the fintech sector, focusing on funding, financial and non-financial regulatory frameworks, and technological developments.

Andrew Jowett, Patrick Gill

Cayman Ultimate General Partners in Subscription Facilities: Do They Ultimately Matter?

In subscription finance transactions where the borrower or another pledgor entity (such as a feeder fundor guarantor) is a Delaware limited partnership or a Cayman Islands exempted limited partnership (ELP),the role of the general partner (GP) is well understood and regarded as fundamental to the securitystructure. The GP is the entity that exercises the right to call capital from investors and typically grantssecurity over those rights in connection with the facility.

Georgina Pullinger, Appolina Winton

Guide to Funds in Guernsey

Our guide to Guernsey funds provides an overview of the Guernsey investment funds industry, exploring the types of Guernsey funds available such as registered, authorised and regulated, as well as their wider regulation. Appleby’s Guernsey funds guide also takes a closer look at the Guernsey Green Fund, the taxation of Guernsey investment funds and economic substance legislation.

Dylan Latimer, Kate Ovenden, Tristan Ozanne, Jeremy Berchem

Achieving Bankruptcy Remoteness in Structured Finance

The structured finance market in the APAC region continues to grow in recent years, particular in the number of new issuances and the use of different financial products in complex structuring. Cayman special purpose vehicles (SPVs) are one of the most utilized offshore vehicles in the Asian structured finance industry, which is well supported by established legal and regulatory regimes. This article introduces a key feature of securitisation and repackaging, which is the ring-fencing of assets and removing them from the bankruptcy risks of the originator/seller of the assets – often referred to as bankruptcy remoteness. Investors of structured notes can simply take on the credit risks of the underlying asset, and the seller can achieve off-balance sheet treatment of the underlying asset.

Fiona Chan

Guide to Fintech Law in the Isle of Man 2025

Appleby's guide to fintech law in the Isle of Man provides an overview of fintech laws and regulations in the jurisdiction – including the current fintech landscape, funding for fintech, regulation, other regulatory regimes/ non-financial regulation, and technology.

Claire Milne WS, Katherine Garrood

Jersey Private Funds and Operational issues for Designated Service Providers: A timely reminder of a need to update best practice

A timely reminder to update best practice for Jersey Private Funds

Tim Morgan

Enforcing Integrity: The UK’s Legal Arsenal Against Market Abuse

The legal concept of market abuse and the twin concept of upholding market integrity are not new as these were prevalent since the 17th century ¹. As a matter of fact, there is a belief that insider dealing was the root cause of demise of the South Sea Company in the 18th century.

Sharmilla Bhima