Jersey Finance has welcomed the Council of Minister’s proposals to retain the jurisdiction’s personal taxation rate at 20 per cent. Setting out his budget proposals, Treasury and Resources Minister Senator Philip Ozouf said ministers wanted the States of Jersey Assembly
Gold mining specialist Harmony is the first South African company to dual list its ADRs on the NASDAQ National Market and the NYSE. The stock began trading on the N
David M Nunn has been fined USD600,000 for entering into fictitious sales, engaging in illegal non-competitive and fictitious trades in coffee futures contracts over a two-year period, and making false statements to representatives of ICE Futures US. Nunn is a
The Bermuda Monetary Authority is advancing preparations to sign a cooperation agreement with Europe under the Alternative Investment Fund Managers Directive (AIFMD). The AIFMD is due to be implemented across Europe by 22 July 2013. The Authority has been in
A framework for incorporated cell companies in the insurance sector was created in the Cayman Islands on 25 March, when the Legislative Assembly passed an amendment to allow the registration of portfolio insurance companies (PICs) within segregated portfolio company insurers
Two law firms in the Cayman Islands have agreed to merge early in the new year forming one of the strongest and most experienced practices in the Caribbean. Travers Thorp Alberga and Paget-Brown will continue as Travers Thorp Alberga with Ian
European Union economic affairs and finance ministers have reached agreement on the controversial proposed Directive on Alternative Investment Fund Managers, raising the prospect that the legislation could be finalised by a vote in the European Parliament next month. The EU
The Technical Committee of the International Organization of Securities Commissions has formed a Task Force on OTC Derivatives Regulation. It aims to coordinate securities and futures regulators’ efforts to work together in the development of supervisory and oversight structures related
The UK’s Association of Investment Companies has welcomed the publication by the Financial Services Authority of proposals that will require the disclosure of contracts for difference and
It was only a matter of time, wasn’t it?
