Bermuda’s appeal as a domicile for (re)insurance will be dulled by the OECD’s latest international tax plans. However, the impact is likely to be less than the territory experienced after the US tax reform of 2017, says credit ratings agency Fitch Ratings.
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Lowtax.net News: Cayman Seeks Input On Major Tax Transparency Changes
The Cayman Ministry of Financial Services has launched a consultation on the changes needed to enable public access to beneficial ownership information.
Lowtax.net News: Bermuda To Launch Codes Of Conduct For Banks, Insurers
The Bermuda Monetary Authority has released a responses document on the development of a conduct of business regulatory regime in the territory.
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: Bermuda Monetary Authority To Overhaul Enforcement Approach
Bermuda’s financial services regulator, the Bermuda Monetary Authority, has set out plans to change its enforcement processes.
Lowtax.net News: BVI To Launch FinTech ‚Sandbox‘
The British Virgin Islands Financial Services Commission has announced that it will launch its new FinTech Regulatory „Sandbox“ on August 31.
Lowtax.net News: Bermuda Announces Accounting Rules For Digital Asset Businesses
The Bermuda Monetary Authority has released a new consultation on the proposed Digital Asset Business Accounts Rules 2020.
Lowtax.net News: US Insurance Regulator Grants Bermuda Reciprocal Jurisdiction Status
Bermuda has been granted Reciprocal Jurisdiction status effective January 1, 2020, and has had its status as a Qualified Jurisdiction extended by the National Association of Insurance Commissioners (NAIC), after a five-year evaluation.
Lowtax.net News: Jersey Seeking To Strike Up More Financial Services Business In China
Representatives from Jersey are holding week-long meetings in Asia to promote the island as a well-regulated offshore international financial center.
Lowtax.net News: Asian Financial Centers Continue To Dominate Top-Ten Rankings
The Global Financial Centres Index was released on September 19, 2019, charting the top onshore and offshore financial centers worldwide, and for the first time the most innovative financial technology hubs.