Unravelling
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Unravelling Complexity

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Change in the BVI FSC’s policy towards listed subsidiaries of trust companies and company managers
Financial services regulatory advisory

Change in the BVI FSC’s policy towards listed subsidiaries of trust companies and company managers

The FSC has recently clarified that subsidiaries of licensed trust companies and company managers in the BVI will no longer be permitted to undertake registered agent and registered office business in or from within the BVI. Licensees have until June 2019 to comply with the proposed changes.
The position and rights of secured creditors in a Cayman liquidation
Liquidations

The position and rights of secured creditors in a Cayman liquidation

While secured creditors are usually better off than unsecured ones, they can face a number of pitfalls as a result of much-overlooked Cayman law, warn partner Nick Hoffman and senior associate Katie Pearson from Harneys in Grand Cayman.
Expertise on Cyprus Fund Management
Investment Funds

Expertise on Cyprus Fund Management

Discover the ins and outs of fund management in Cyprus, including regulations and current trends, in the latest edition of Getting the Deal Through: Fund Management 2018. Download the PDF to read more.
CySEC Announces the launch of a FinTech and RegTech Innovation Hub in Cyprus
Blockchain and digital assets

CySEC Announces the launch of a FinTech and RegTech Innovation Hub in Cyprus

The Cyprus Securities and Exchange Commission (CySEC) issued an announcement on 27 July 2018 regarding the establishment of an Innovation Hub in Cyprus aiming to keep track of developments in the FinTech and RegTech industries and promote communication between all relevant stakeholders. This update outlines relevant details about this exciting new project as well as the EU-led initiatives that made it possible.
Embracing the Shift: BVI and the Digital Movement
Investment Funds

Embracing the Shift: BVI and the Digital Movement

The use of computer programs and other technology to support or enable financial services is now one of the fastest growing industries in the world. Ayana Hull writes that the BVI must keep step with developments in this space in order to attract and service clients who call upon the strong financial services community in the BVI to structure these new and innovative digital products.
BVI regulator updates the AML and KYC regime for the Fintech era
Blockchain and digital assets

BVI regulator updates the AML and KYC regime for the Fintech era

The BVI Financial Services Commission (FSC) has amended the Anti-Money Laundering and Terrorist Financing Code of Practice 2008 (the AML Code), effectively the financial services industry’s rulebook for customer verification and KYC, so that credit and financial institutions based in the jurisdiction may now rely on the latest electronic innovations to expedite customer verification.