Unravelling
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Unravelling Complexity

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SOS Substance on Substance: Episode two
Regulatory and Tax

SOS Substance on Substance: Episode two

In the second episode, Phil Graham and Josh Mangeot discuss the key aspects of an industry update provided by BVI Finance on 12 July 2019. The update clarified that the commencement dates for entities’ first “financial period” remain unchanged and discussed the BVI International Tax Authority's stated approach to the use of its investigation powers as they relate to BVI entities, registered agents and other corporate service providers.
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).