The introduction of a “regulatory sandbox” to enable businesses that provide virtual currency exchange services to experiment and test new products and applications in Jersey under light-touch regulation have been welcomed by Ogier's intellectual property, tech and digital team.
Walkers is one of the most recognised international law firms and works with some of the hedge fund industry's largest asset managers. In total, the Group has 580 personnel, of which 250 alone are based in the Cayman Islands. "Overall, we've hired 100 people globally this year to bolster our five core practices: investment funds, finance & corporate, insolvency & dispute resolution, wealth structuring, and tax and regulatory advice," says Ingrid Pierce (pictured), Global Managing Partner at Walkers.
The UK’s HM Revenue & Customs (HMRC) has designated the Gibraltar Stock Exchange (GSX) as a recognised stock exchange under the Income Tax Act 2007 (ITA).
Substance in the fund management sector, particularly in the context of the Alternative Investment Fund Managers Directive (AIFMD) and Base Erosion and Profit Shifting (BEPS) initiative, is of increasing importance, according to a Guernsey Finance white paper.
Four words spring to mind when discussing the evolution of The Bahamas as a leading international financial jurisdiction: regulation, location, expertise and innovation.
Extending the AIF marketing passport to non-EU countries crucial for investor choice, says Invest Europe
This week’s recommendation on extending the alternative investment marketing ‘passport’ to fund managers in up to 12 non-EU countries is an important step towards improving choice for investors, says Invest Europe.
The Jersey Financial Services Commission (JFSC) has welcomed the European Securities and Markets Authority’s (ESMA) recommendation to the European Parliament, Council and Commission that Jersey should be among the ‘third countries’ granted an AIFMD passport.
The Bahamas has developed into a jurisdiction capable of responding to the needs of investors – be they wealth managers or single- or multi-family offices – and whilst there is still some way to go to build out its institutional investor base, the tools are in place to support a wide variety of investment requirements.
Jersey is recognised by international standard setters as one of the best regulated finance jurisdictions globally and its authorities have full knowledge of the beneficial owners of all Jersey companies, according to Geoff Cook, CEO (pictured), Jersey Finance.
Guernsey would welcome moves to improve transparency across the global financial services industry, according to Guernsey Finance Chairman Lyndon Trott (pictured).