PE Tech Report

Offshore

Dominic Wheatley, Guernsey Finance

Guernsey consults on introduction of limited liability companies

Guernsey is proposing to adopt limited liability companies (LLC) in a move intended to enhance the island’s competitive position in the United States. The island’s government, the States of Guernsey, has launched a consultation exercise, as it considers following many other international financial centre jurisdictions in introducing LLCs.   LLCs

Lawson Conner expands AML offering to Cayman Islands

Global regulatory and compliance services provider, Lawson Conner has launched a new outsourced anti-money laundering (AML) solutions offering for Cayman funds. Following the Cayman Islands Monetary Authority (CIMA) requirement to appoint an AML Compliance officer (AMLCO), Money Laundering Reporting Officer (MLRO) and a Deputy MLRO for Cayman domiciled funds, Lawson

Ariane West, Walkers

Regulatory oversight puts Bermuda in prime position

With some offshore jurisdictions having only moved recently to introduce registers of beneficial ownership, one could argue that having had its own register in place for over 70 years, Bermuda has been ahead of the curve. Now, as global regulatory oversight and transparency expectations rise, Bermuda is well placed to

James Williams, Hedgeweek

Bermuda offers managers stability and a blue-chip reputation

Although the Cayman Islands tends to be the default option for most alternative fund managers, there is a good argument for saying that Bermuda is equally, if not more attractive; certainly from a cost perspective and a ‘substance’ perspective, with a well-established business district in Hamilton, the island’s capital. Indeed,

Paul Smith, GFIA

Guersney expecting increased interest in PIF

Guernsey’s fund sector is expecting increased interest in its Private Investment Fund following a change in its rules and guidance. The move from the Guernsey Financial Services Commission was announced last week, removing the need for a licensed investment manager to warrant an investor’s ability to sustain financial loss, replaced

BVI flag

BVI launches new Limited Partnership law

Investment funds can now take advantage of a new limited partnership regime following the passing of the Limited Partnership Act in the British Virgin Islands (BVI). The Act is designed to provide all the typical benefits of limiting liability, as well as a number of unique features.   Over recent

Matt Mulry, Dillon Eustace

Cayman anti-money laundering regime under review

By Matt Mulry (pictured), Dillon Eustace – In the shadow of an impending review by the Financial Acting Task Force the Cayman Islands has undertaken an overhaul of its laws, regulations and guidance notes which govern its anti-money laundering and counter-terrorist financing regime. 

James Williams, Hedgeweek

The Bahamas prepares risk-based approach to regulatory oversight

Last July, the Securities Commission of The Bahamas (the Commission) embarked on a process to overhaul the Investment Funds Act. The Investment Funds Act 2003 was largely structured to be in line with the operations of fiduciary administrators and did not necessarily account for the appropriate regulation of the various

Matt Mulry, Dillon Eustace

Cayman on the International Stage

By Matt Mulry (pictured), Dillon Eustace – We often hear the Cayman Islands are criticised in the press or in political debate over perceived financial secrecy. A flagging election campaign in the US or Europe can easily benefit from the rejuvenating spark provided by an airing of the offshore holdings

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12 September, 2024 – 6:00 pm

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