Category: News & Updates

  • New rules for regulated funds

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    As referenced in our updater on new registration requirements for Cayman Islands investment funds, the Cayman Islands Monetary Authority (CIMA) has published new rules governing the segregation of assets and the contents of offering documents and marketing materials for regulated funds. The new rules apply to mutual funds that are regulated under the Mutual Funds…

  • HK Government introduces Employment Support Scheme (ESS)

    HK Government introduces Employment Support Scheme (ESS)

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    The Legislative Council Finance Committee has approved funding to launch the HKD81 billion Employment Support Scheme (ESS) as part of the Government’s second round of Anti-epidemic Fund measures. All employers who have been making Mandatory Provident Fund (MPF) contributions or have set up Occupational Retirement Schemes (ORSO schemes) for employees are eligible…

  • Cayman Islands announce business continuity measures (UPDATED)

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    In response to the COVID-19 global pandemic, the Cayman Islands Government has announced a number of measures to support the continuity, viability, and strength of the financial services industry and ensure business continuity to clients. The measures have been announced through industry advisory notices and those of most interest to our clients are noted here…

  • Encore Professional Services acquired by the Marbury Group

    Encore Professional Services acquired by the Marbury Group

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    We are delighted to announce that Marbury has acquired Encore Professional Services whose team are now part of and supported by the Marbury group. With the acquisition of Encore, this brings more depth into Marbury’s service line relating to accounting, payroll and visa services. Whilst Compass Offices’ clients will now have access to a wider…

  • Singapore announces support measures for companies

    Singapore announces support measures for companies

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    The Accounting and Corporate Regulatory Authority (ACRA) has implemented support measures to businesses in light of the difficulties brought about by the COVID-19 situation. As some entities may have difficulties holding their Annual General Meetings (AGMs) and filing their Annual Returns (ARs) certain deadlines have been extended and guidelines issued on Temporary Measures for Conduct…

  • Bermuda business continuity measures

    Bermuda business continuity measures

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  • Marbury Business Continuity Statement

    Marbury Business Continuity Statement

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    Most importantly, we hope that you and your loved ones stay safe and healthy during this challenging time and thank you for your continued support. We are pleased to confirm that Marbury’s operations in all of our locations globally remain intact, but some services may be impacted by various closures and / or reductions in…

  • Economic Substance Legislation in the British Virgin Islands

    Economic Substance Legislation in the British Virgin Islands

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    BVI ITA issues final Economic Substance Rules – The ITA has now published the final version of the Code which has been renamed Rules (and Explanatory Notes) on Economic Substance (the Rules). The content of the Rules is broadly the same as the draft Code, but it includes a number of amendments following feedback to…

  • Data Protection in the Cayman Islands

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    On 30 September 2019, the Cayman Islands Data Protection Law (DPL) comes into force, introducing globally recognised standards regarding the protection, processing, and access to, an individual’s personal data. The DPL applies to ‘data controllers’ established in the Cayman Islands, regardless of whether they have a physical presence in Cayman. Where a data controller engages…

  • The Companies (Amendment) Law, 2019

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    Cayman Islands – Legislative changes in the Cayman Islands for Companies, LLCs and LLPs. Following the March 2019 assessment by the Caribbean Financial Action Task Force of the Cayman Islands’ anti-money laundering and counter-financing of terrorism regime, recent legislative amendments have come into force in the Cayman Islands. The amendments introduce new requirements on how…