About the Regulatory Blog and our contributors
The Regulatory Blog is an informal and up to date news and information service of key regulatory developments in our jurisdictions: the BVI, the Cayman Islands, Anguilla, Bermuda, Cyprus, and Luxembourg. We intend to include the latest financial services, anti-money laundering, sanctions and related developments within our remit.
Resources
Welcome to our Regulatory Resources Hub, a centralised guide to the core laws and compliance frameworks shaping financial services in leading jurisdictions. Here, you’ll find concise summaries and direct access to key legislation from the British Virgin Islands, Bermuda and Cayman Islands. Whether you’re navigating licensing requirements, AML obligations, or governance standards, this section is designed to help you stay informed and compliant with ease.
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Cayman extends CARF registration deadline to January 2027
On 25 March 2026, the Department for International Tax Cooperation published an industry advisory announcing an extension to the registration deadline under the Crypto-Asset Reporting Framework.
21 Apr 2026
BVI sanctions updates: UN consolidated list changes and financial compliance actions
On 10 March 2026, the British Virgin Islands Financial Services Commission shared updates regarding sanctions from two key areas: the United Nations Security Council regarding amendments to its Consolidated Sanctions List and financial sanctions obligations for institutions under its jurisdiction. These updates highlight critical changes and compliance actions required to meet international and local regulatory standards.
21 Apr 2026
BVI's General Licences overview on Oil price cap and legal services
The British Virgin Islands Financial Services Commission published details of General Licences No. 12 (2026) and No. 11 (2025), issued under the authority of the Governor. These licences outline specific permissions and conditions for activities related to sanctions compliance, including the supply of Russian oil under price cap regulations and the payment of legal fees for designated persons. Below is a summary of their key provisions:
16 Apr 2026
Luxembourg transposes DAC8
On 19 March 2026, Luxembourg formally adopted DAC8 transposing the Council Directive (EU) 2023/2226 enacting far-reaching tax transparency rules that apply retroactively from 1 January 2026, with first reporting due by 30 June 2027. This law mandates compulsory reporting for a broad spectrum of crypto-asset service providers and imposes significant enhancements on existing financial reporting standards.
15 Apr 2026
Update to UK Sanctions on Russia-Ukraine-Belarus (up to 27 March 2026)
Following the invasion of Ukraine by Russia, the UK Government, alongside the member states of the European Union, the United States of America and other global stakeholders issued significant new sanctions. View a table of all the sanctions here.
13 Apr 2026
AIFMD II introduces new liquidity framework: CySEC guidance for fund managers
The Cyprus Securities and Exchange Commission recently issued Circular E743, introducing significant updates to liquidity management requirements for Alternative Investment Funds and Undertakings for Collective Investment in Transferable Securities.
09 Apr 2026
New liquidity management requirements for Luxembourg investment funds
Effective 16 April 2026, Luxembourg introduces enhanced liquidity management obligations for UCITS and open-ended AIFs under the Law of 3 March 2026, aligning with EU Directive 2024/927.
02 Apr 2026
Jersey’s 2026 sanctions law: Key provisions and implications
Effective from 18 March 2026, the Government of Jersey introduced significant amendments to the Sanctions and Asset-Freezing (Jersey) Law 2019. These changes aim to align Jersey’s sanctions framework more closely with international standards, particularly those of the UK and to strengthen Jersey’s commitment to combating financial crime and ensuring compliance with global sanctions regimes.
31 Mar 2026
EU and UK to lower Russian oil price cap
The European Union and the United Kingdom proceeded with the announced reduction in the price cap for Russian-origin crude oil to US$44.10 per barrel, effective 1 February 2026. This measure, part of ongoing sanctions under Regulation (EU) 833/2014, aims to curtail Russia's revenue streams while ensuring global energy market stability.
26 Mar 2026
Luxembourg adopts AIFMD II: What you need to know
On 3 March 2026, Luxembourg adopted a new law amending the legislation of 17 December 2010 on collective investment undertakings and 12 July 2013 on alternative investment fund managers. This update transposes the EU Directive 2024/927, modernising the regulatory framework for investment funds.
24 Mar 2026
UK Parliament’s view on Russia sanctions in the UK Overseas Territories
The UK Parliament has a vested interest in ensuring compliance of sanctions in the Overseas Territories since the UK is responsible, under the UN framework, for the application of sanctions in all places that the UK claims sovereignty. Added to that, the UK Sanctions and Money Laundering Act 2018 formalised the post-Brexit settlement on sanctions implementation in the OTs (with the Crown Dependencies being subject to other equivalent arrangements).
23 Mar 2026
New EBA guidelines expand scope to include crypto-asset confidentiality rules
On 22 December 2025, the European Banking Authority issued updated guidelines amending the existing framework (EBA/GL/2022/04) on the equivalence of confidentiality regimes. These amendments aim to ensure that third-country confidentiality and professional secrecy frameworks align with EU standards, which is a prerequisite for sharing confidential information with third-country authorities.
19 Mar 2026