About the Regulatory Blog and our contributors
The Regulatory Blog is an informal and up to date news and information service of key regulatory developments in our jurisdictions: the BVI, the Cayman Islands, Anguilla, Bermuda, Cyprus, and Luxembourg. We intend to include the latest financial services, anti-money laundering, sanctions and related developments within our remit.
${totalItems} results
${customFilterHeading} Showing ${showingItems} of ${totalItems} results ${searchTerm}
${facet.Name} (${facet.TotalResults})
New guidance on Article 5r reporting requirements for outgoing transfers related to Russian-owned entities; Template reporting forms released
On 12 April 2024, the European Commission issued a set of much needed FAQs regarding reporting on outgoing transfers related to Article 5r under EU Council Regulation 833/2014.
19 Apr 2024
European Council gives final approval on a new directive to criminalise the violation and circumvention of EU sanctions
On 12 April 2024, the European Council gave the final approval of a new directive aimed at standardising the enforcement of EU sanctions across EU member states.
18 Apr 2024
CySEC clarifies its position on the “authorisation date” for licensed entities
On 4 April 2024, the Cyprus Securities and Exchange Commission (CySEC) published Circular C628 informing all entities under its supervision of the following:
17 Apr 2024
Updates on Cayman Islands' CRS and FATCA reporting: Mandatory date of birth submission and 2023 reporting deadlines
In March 2024, the Cayman Islands' Department for International Tax Cooperation (DITC) issued a bulletin containing important updates regarding the Common Reporting Standard (CRS) and Foreign Account Tax Compliance Act (FATCA) reporting requirements.
15 Apr 2024
Harneys BVI Regulatory team facilitates approval for a leading cryptocurrency market maker under VASPA
Our BVI Regulatory team recently advised Portofino Technologies Global, a prominent cryptocurrency market maker, in successfully securing approval from the Financial Services Commission under the Virtual Assets Service Providers Act.
11 Apr 2024
Update to BVI Economic Substance Rules: Important update for entities claiming non-residence via UAE corporate income taxes
On 2 April 2024, the BVI International Tax Authority published version four of its economic substance rules and explanatory notes, following the introduction of a federal corporate income tax system in the United Arab Emirates in respect of financial years beginning on or after 1 June 2023.
10 Apr 2024
AIFMD II published in the Official Journal of the European Union
On 26 March 2024, Directive (EU) 2024/927 amending the Alternative Investment Fund Managers Directive 2011/61/EU and the Undertaking for Collective Investment in Transferable Securities Directive 2009/65/EC was published in the Official Journal of the European Union.
09 Apr 2024
CSSF issues new guidelines for investor protection in collective investment undertakings
On 29 March 2024, Luxembourg’s Commission de Surveillance du Secteur Financier issued Circular CSSF 24/856, replacing Circular CSSF 02/77.
08 Apr 2024
ESMA releases third consultation package on MiCA
On 25 March 2024, the European Securities and Markets Authority released its third consultation package concerning the regulation of Markets in Crypto-Assets.
05 Apr 2024