Unravelling
Complexity

Insights

Unravelling Complexity

324 Results

Adding value – the BVI Corporate Advantage
Corporate

Adding value – the BVI Corporate Advantage

In this article, originally published by The Energy Industry Times, Greg Boyd discusses the BVI corporate advantage.
Provision of virtual asset services now formally subject to Cayman’s AML regime
Investment Funds

Provision of virtual asset services now formally subject to Cayman’s AML regime

Under recent changes to the Cayman Islands Proceeds of Crime Law, the provision of virtual asset services is now formally recognised as “relevant financial business”. Any entity that carries out relevant financial business must ensure that it complies with the Proceeds of Crime Law and the Anti-Money Laundering (AML) Regulations.
CySEC deadline for statistical information fast approaching
Regulatory and Tax

CySEC deadline for statistical information fast approaching

On 28 June 2019, the Cyprus Securities and Exchange Commission (CySEC) issued a circular advising Cypriot investment firms (CIFs) that a new version of the form used to collect statistical information on an annual basis, form RBSF-CIF Version 2, has been issued.
SOS Substance on Substance: Episode one
Economic Substance

SOS Substance on Substance: Episode one

Harneys launches its SOS series, delivering hot takes on critical topics around the Economic Substance legislation.
CSSF online assessment concerning PRIIPs: 31 October deadline
Regulatory and Tax

CSSF online assessment concerning PRIIPs: 31 October deadline

On 1 July 2019, the Commission de Surveillance du Secteur Financier issued a press release concerning the packaged retail and insurance-based investment products. The regulator requires all SIFs, Part II UCIs and SICARs to complete an online assessment available on the eDesk portal as specified in Circular 19/721 (Dematerialisation of requests to the CSSF).
Luxembourg beneficial owners register: 31 August deadline approaching fast
Regulatory and Tax

Luxembourg beneficial owners register: 31 August deadline approaching fast

The Luxembourg Law of 13 January 2019 (RBE Law) provides for the setting-up of a register of beneficial owners of Luxembourg legal entities. The registration of the beneficial owners must be carried out online through the RBE portal with all current beneficial owners to be registered by 31 August 2019 in order to avoid criminal fines resulting from a breach of the RBE Law and to benefit from a free-of-charge filing.