The Cayman Islands is changing the way it regulates funds. Two new measures - the Mutual Funds Law (Revision, Amendment 2020) and the Private Funds Law and Regulations 2020 - have been implemented.
On 30 April 2020, the Central Bank of Ireland ("Central Bank") published a letter to fund management companies (including SMICs)
The ‘Cayman Finance Cares' programme, an initiative funded by Cayman Finance member firms, has raised in excess of CI$124,000 to support the operations of the Cayman Food Bank (Good Samaritan Food Bank).
C.Savva & Associates Ltd
On 18 February 2020, the EU's Economic and Financial Affairs Council (ECOFIN) announced changes to its list of non-cooperative jurisdictions for tax purposes.
Dr. K. Chrysostomides & Co LLC
On 10 January 2020, the European Central Bank (ECB) received a request from the Governor of the Central Bank of Cyprus (CBC) for an opinion on a draft CBC directive
There have been a number of changes to the offshore funds landscape in recent months. Walkers' global team sets out below a high level summary of the current position...
In these uncertain times, investors in investment funds are increasingly looking at options regarding their investment, including ways in which to redeem or recover their investment in such funds.
If you are reading this, I hope you are well. A great deal has happened since the Funds Forum was announced and then delayed in the wake of the ongoing Corvid-19 pandemic.
As the COVID-19 pandemic continues to disrupt everything from stock prices to supermarket shelves, the world is facing a diverse array of unprecedented challenges. Against this backdrop, there is a common thread throughout ...
Akin Gump Strauss Hauer & Feld LLP
The Financial Services and the Treasury Bureau proposed a limited partnership regime for investment funds in Hong Kong to enhance the attractiveness of the Hong Kong asset and wealth management industry
Dezan Shira & Associates
The Hong Kong Mortgage Corporation Insurance Limited (HKMCI) is introducing a new 100 percent loan guarantee under the Hong Kong SME Financing Guarantee Scheme (HKSFGS) to...
Kirkland & Ellis International LLP
On February 14, 2020, the Hong Kong High Court handed down a judgment (Cheung Ka Ho Cyril and others v Securities and Futures Commission (HCAL 2132-4, 2136-7/2018, unreported) dismissing...
This is the third in a series of four short briefings which looks at some of the key powers which the Central Bank of Ireland ("CBI") has at its disposal under the Central Bank...
Banking deposits in Jersey are on the rise (£139.2bn as at September 2019 according to the figures from the Jersey Financial Services Commission).
It is a criminal offence in Jersey to take possession of or in any way administer the movable estate of a deceased person prior to a grant of probate being obtained (the Intermeddling Offence).
On 14 May 2020, the European Commission (″EC″) sent formal notice letters to advise Luxembourg and Portugal to remove the exemptions from interest limitation rules currently available to certain securitisation vehicles...
Fenech & Fenech Advocates
On 25 March 2020, MFSA issued a circular reminding firms of its expectations of the measures that they should have in place regarding complaints handling.
Government announced that it will be financing up to 2.5% of the interest rates on bank loans taken out by businesses hit by the COVID19 pandemic.
A two-month deferral for the payment of excise duties falling due in April or May has been announced by the Maltese Customs Department.
An independent EU member state in the middle of the Mediterranean Sea - Malta -offers an advanced legal basis for a set-up of securitization structures.