The Economic Substance Act 2018 (the “Act”) requires Bermuda-based entities that are carrying on a “relevant activity” in a relevant financial period and entities claiming “non-resident entity” status under the Act to file an...more
5/30/2025
/ Banking Sector ,
Bermuda ,
Business Entities ,
Compliance ,
Corporate Governance ,
Economic Substance Doctrine ,
Filing Deadlines ,
Filing Requirements ,
International Tax Issues ,
Offshore Funds ,
Regulatory Agenda ,
Regulatory Requirements ,
Reporting Requirements
With the New Year underway, there is a wide range of regulatory updates to reflect on and prepare for. While navigating these changes may seem complex, the Regulatory & Risk Advisory team is here to assist. The Outlook...more
2/28/2025
/ Beneficial Owner ,
Bermuda ,
Compliance ,
Data Protection ,
Employees ,
Employer Liability Issues ,
Employment Policies ,
Insurance Industry ,
Investment Funds ,
Minimum Wage ,
Payroll Taxes ,
Regulatory Agenda ,
Regulatory Requirements ,
Risk Management ,
Trademarks
The Bermuda Monetary Authority published the revised Operational Cyber Risk Management Code of Conduct (the “Cyber Risk Code”) for corporate service providers, trust companies, money services businesses, investment...more
2/10/2023
/ Bermuda ,
Board of Directors ,
Chief Information Security Officer (CISO) ,
Compliance ,
Corporate Governance ,
Corporate Management ,
Cybersecurity ,
Deadlines ,
Enforcement ,
Financial Institutions ,
Financial Services Industry ,
Policy Updates ,
Risk Controls ,
Risk Management