The Bermuda Monetary Authority has released a responses document on the development of a conduct of business regulatory regime in the territory.
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Lowtax.net News: Bermuda Regulator To Add Conduct Oversight To Mandate
The Bermuda Monetary Authority has recently released a discussion paper on its plans to broaden its mandate by developing a conduct of business regime for the financial services sectors it regulates.
Lowtax.net News: Crown Dependencies Add To Economic Substance Guidance
The UK Crown Dependencies have added to joint guidance issued in December 2018 on the economic substance requirements that are effective for accounting periods commencing on or after January 1, 2019.
Lowtax.net News: BVI Supporting Firms To Comply With Economic Substance Code
The British Virgin Islands financial services promotional agency BVI Finance has held educational sessions on the new draft Economic Substance Code in the BVI, London, and Hong Kong.
Lowtax.net News: Bermuda Seeks Greater Say In Int’l Tax Policy Talks
The Bermuda Government has set out its plans to more actively engage in discussions on tax policy internationally, including newly establishing offices in Brussels and Washington DC.
Lowtax.net News: Bahamas Issues Guidance On Fiscal Crime Prevention
The Bahamas has published two new guidance documents for financial services firms on the prevention of fiscal crime.
Lowtax.net News: Crown Dependencies To Ensure Firms Have Economic Substance
The Crown Dependencies of Jersey, Guernsey, and the Isle of Man are consulting on proposals to require companies tax-resident in the islands undertaking specific income-generating activities to demonstrate they have sufficient „substance“ in the islands
Lowtax.net News: Jersey Says New Research Paper Debunks Myths Surrounding IFCs
Jersey’s business promotion agency, Jersey Finance, has published a new discussion paper prepared by a leading UK think-tank, which argues that international financial centers (IFCs) play a vital, positive role in the global economy.
Lowtax.net News: China To Open Up Financial Services To Foreign Firms
The People’s Bank of China has committed to putting forward measures to significantly open China’s financial services industry to foreign competition, following an announced commitment to do so from President Xi Jinping.
Lowtax.net News: ADGM, Anaklia Special Economic Zone Forge Ties
Abu Dhabi Global Market, the international financial center in Abu Dhabi, and Georgia’s Anaklia Special Economic Zone, located on the Black Sea, have agreed to collaborate on initiatives to bolster growth in their respective financial markets.