03/13/2019

CISI backs new FCA rules on professional bodies

Both institutes were said to be “delighted” that the FCA had listened to their feedback and included (field 16) a requirement for relevant individuals to list their professional affiliation.

03/13/2019

EU Recognises Jersey as a Cooperative Jurisdiction

“The expectation is that, given the high professional standards and commitment to good corporate governance that already exists in Jersey, most companies will readily be able to demonstrate that they meet the new substance requirements.”

03/12/2019

EU blacklist: Burt prepared for any outcome

Reuters reported that Britain had at first pushed other EU states not to include Bermuda on the list of jurisdictions said to be not co-operative on tax matters.

03/12/2019

Hard Brexit to cost pension funds billions

The asset manager estimated the Brexit vote had boosted asset values by about £125bn, while liabilities increased by about £160bn – which resulted in a deficit of £35bn.