Cayman Islands Bank Regulatory Update

The COVID-19 pandemic has triggered a number of operational and administrative challenges across the global legal and economic landscape. This regulatory update summarises some of latest developments and the key issues relevant to financial institutions with legal and regulatory links to the Cayman Islands.

Related briefings

Channel Islands Funds Quarterly Update: Q2 2020

Contents: 1 Developments in the Channel Islands 1.1 Mandatory Disclosure Rules 2 Jersey developments 2.1 Deadline for submission of JPF annual compliance return extended 2.2 Outsourcing Notifications to be submitted online 2.3 JFSC consultation on changes to fund fee rates 2.4 JFSC Annual Report 2019 published 2.5 Migration of foreign limited partnerships into Jersey 2.6 […]

Cayman Islands private funds law – expanded scope

The Cayman Islands Government has approved an important amendment to the Private Funds Law 2020 (PF Law) that will increase the number and categories of closed-ended Cayman investment vehicles required to register with the Cayman Islands Monetary Authority (CIMA).

Rise in venture capital-backed tech in response to pandemic

The COVID-19 pandemic has destabilised global markets. However, the crisis has encouraged swift adaptations in all walks of life and the development of innovative living and working patterns as a result of lockdowns around the world.

Technology in legal transactions

The COVID-19 pandemic and the resultant lockdown have thrown into sharp relief the benefits of a robust IT infrastructure and the ability to work flexibly to provide smooth client services in times which are anything but ordinary. In this article, partner James Fox looks at the technology being used to support clients.

European Parliament adopts the Taxonomy Regulation

Another milestone on the EU’s path to achieving the goal of a climate neutral union was reached on 18 June 2020, as the EU Parliament adopted new legislation on sustainable investments, one of the key features of the European Commission’s action plan on sustainable finance in the domain of capital markets (including the ESG Disclosure Regulation and the ESG Benchmarks Regulation.

Latest Briefings

Can UK employers claim the furlough grant while employees are on notice? Clarity is required.

Notice Pay during Furlough Leave The latest Treasury Direction for the furlough scheme, updated on 26 June 2020, could modify the effect of the Coronavirus Job Retention Scheme. New wording at paragraph 2.2 may be interpreted to suggest that notice pay cannot be claimed through the scheme. With retrospective application, employers require clarification from HMRC […]

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Reading the runes on reshuffles at Bakers, Hogan Lovells and HSF

In the final quarter of last year, three of the world’s largest law firms picked new CEOs from their comparatively small Hong Kong offices. Of the three – Baker McKenzie, Herbert Smith Freehills and Hogan Lovells – it’s just the latter that hasn’t officially ushered in its new leaders, with Miguel Zaldivar set to replace […]

Johnson Matthey

Chemicals giant Johnson Matthey appoints new GC

FTSE 100 specialist chemicals company Johnson Matthey has appointed a new general counsel (GC). Nick Cooper will take on the mantle as GC and company secretary for the global company on 22 June. Cooper was formerly GC at Cable & Wireless (C&W), which he joined from Energis after it merged with C&W in 2005. Following […]

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