Bermuda Fund Services 2019

Fri, 29/03/2019 - 09:10

This report looks at how Bermuda's regulatory regime is evolving in response to the latest fintech developments including the rising prominence of blockchain technology innovation and Initial Coin Offerings…

The 'Bermuda Fund Services 2019' special report comprises 9 separate articles listed below, these can be read individually or as a sequence.
James Williams, Hedgeweek

Bermuda’s embrace of digital assets will benefit its insurance and asset management industries

Fri, 29/03/2019 - 09:20

Bermuda is the latest jurisdiction to update its regulation in response to the rising prominence of blockchain technology innovation and Initial Coin Offerings.  »


BDA’s concierge service complements new rules

Fri, 29/03/2019 - 09:27

The primary mission for the Bermuda Business Development Agency (BDA) for 2019 is clear: to welcome more international business to the island, following the implementation of new economic substance rules that will see a bolstered physical presence by companies across industry sectors. »

Scott Watson-Brown, PwC

Fintech… the next pillar of economic growth?

Fri, 29/03/2019 - 09:37

Bermuda is embracing the blockchain revolution, and creating a robust and fit-for-purpose legal and regulatory framework governing initial coin and token offerings (ICOs) and digital asset businesses.  »

Sarah Demerling, Walkers

Collaborative approach augurs well for future ILS growth

Fri, 29/03/2019 - 09:40

Bermuda’s Insurance Linked Securities (ILS) marketplace has proven to be resilient over the years. The Bermuda Stock Exchange (BSX) has significantly outpaced other global markets and now lists more than 300 insurance linked securities, collectively representing USD30.92 billion, with international debt listings climbing 20 per cent in 2018 to 201 vehicles.  »

Greg Wojciechowski, Bermuda Stock Exchange

Bermuda Stock Exchange plays key role in growing domestic economy

Fri, 29/03/2019 - 09:45

Q&A with Greg Wojciechowski – President and Chief Executive Officer, Bermuda Stock Exchange… »

James Dockeray, Deloitte

Insights on Bermuda’s Economic Substance Act 2018

Fri, 29/03/2019 - 09:48

On 17 December 2018, Bermuda formally introduced the Economic Substance Act 2018, the measures therein becoming applicable with effect from 1st January, 2019. Its genesis resulted from Bermuda being placed on the EU’s grey list of jurisdictions due to concerns over fair taxation (and other factors), and which led to the Code of Conduct Group (‘COCG’) declaring Bermuda a ‘Criterion 2.2’ jurisdiction, along with other jurisdictions including the Cayman Islands, British Virgin Islands, Jersey, Guernsey and the Isle of Man. »

Matthew Ebbs Brewer, Appleby Global

Bermuda funds in a digital age

Fri, 29/03/2019 - 09:52

By Matthew Ebbs Brewer, Sally Penrose & Alexis Haynes, Appleby Global – As interest continues to be shown to the growing digital asset industry, attention is being given to the concept of tokenising investments in mutual funds. In 2018, Bermuda implemented a specific legislative regime to regulate activities involving digital assets and has well-established investment funds legislation. This article considers how these two frameworks can work together so that those looking to launch regulated fund products involving digital assets are able to do so from Bermuda. »

Horseshoe Group, Scott Burns

Transitioning to PE-style fund structures requires shift in mindset

Fri, 29/03/2019 - 09:56

Commitments to Private Equity (PE) are breaking records, as investors seek better returns. At a time when the global hedge funds industry has seen record recent net outflows, some of hedge funds managers, who are riding this new wave, are choosing to launch hybrid PE-style funds, to tap into investor demand.  »

Sherman Taylor, Estera

Bermuda sets balanced regulatory tone

Fri, 29/03/2019 - 09:59

Bermuda has a long history of commitment to upholding compliance with international best practices, while understanding and recognising the need for continuous improvement and management of the various stakeholders of the jurisdiction.  »

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