British Virgin Islands
The Mutual Funds Regulations, 2010 (the Mutual Funds Regulations) (the "Mutual Funds Regulations") and Securities and Investment Business (Incubator and Approved Funds)...
The BVI has recently released several important regulatory amendments to its financial services legislation which are applicable to BVI funds and their advisors.
Important filing deadlines as well as procedures for submission of information to the relevant authorities with regard to audited accounts, fund annual returns, record keeping, register of directors and AEOI.
Further to our previous updates, the BVI ITA, on 19 February 2019, published guidance notes on the CbCR requirements of entities that are resident in the BVI and updated guidance notes on the OECD's CRS.
The Credit Reporting Act 2013 (the "CRA") established an official statutory register (the "Register") operated by the Central Bank of Ireland ("CBI") to record the amount of credit in the Irish economy.
Several major new IFRS standards have become effective recently or will do so soon and, as is the case for every new standard ...
Will IFRS 9 end up discouraging investors? I asked that question in another article a few months ago in a discussion of the new requirements, which relate to the accounting treatment of equity investments under IFRS 9.
As I'm sure everyone is well aware, IFRS 16 is now effective for annual periods beginning on or after 1 January 2019.
In my last article, I discussed how the IASB aims to significantly improve financial statement disclosures and to provide the preparers with clearer guidance on applying the requirements set out in accounting standards.
Reserved, technical, conservative… is generally what comes to mind when picturing the writer of an accounting standard.
Not too long ago, the hype around digital currencies exploded, with bitcoin being the flagship cryptocurrency in popular conversation.
Tuning up the communication of financial reporting is the main project of the International Accounting Standards Board (IASB) at the moment.
After IFRS 9 Financial Instruments amended the accounting treatment of equity investments, the International Accounting Standards Board (IASB) decided that such investments are, by default...
The International Accounting Standards Board (IASB) has recently updated its definition of "material" as it appears in IAS 1 and IAS 8
Generally, cryptoassets, including cryptocurrencies such as Bitcoin, are transferrable digital assets which utilise DLT to verify and secure transactions without the intervention of any middleman, that is, a decentralised structure.
G M Corporate and Fiduciary Services Limited
In Malta we have our own default accounting framework that can be used by small or medium companies known as "GAPSME", which stands for The Accountancy Profession (General Accounting Principles for Small and Medium sized entities).
In October 2016, the Panamanian government adopted new regulations to comply with the international commitments regarding corporate and fiscal transparency.
Philippines jumps 9 places from 2017 ranking to be 16th in the world, as ranked in the TMF Group's Financial Complexity Index 2018. Here's what you need to know about the country's financial compliance environment.
United Arab Emirates
The preparation of financial statements in accordance with International Financial Reporting Standards (IFRS) is challenging
Over the past eight months I've been working with insurers in the Middle East on their IFRS 17 implementation projects and I have also been lucky enough to embark on a new career opportunity having now relocated to Dubai ...