UK GAAR advisory panel to be independent from HMRC 08/11/2012 HMRC will not be present on the independent General Anti-Abuse Rule (GAAR) advisory panel that will be appointed in 2013, the UK Government has announced.
Guernsey plans dual regime for AIFMD 06/11/2012 Guernsey is planning to have two parallel regulatory regimes for investment funds when the EU’s Alternative Investment Fund Managers Directive (AIFMD) comes into force.
Retrocessions belong to bank clients, says Swiss Federal Tribunal 05/11/2012 The Swiss Federal Tribunal has confirmed that banks in Switzerland that provide asset management services are obliged to declare to their clients any retrocessions received, as a result of its decision against UBS released on 25 October 2012.
Social Capital - the 'human side of wealth': It's not just about the money 30/10/2012 Family structures are complex and dynamic by nature. Andrew Law, chief executive of the Bahamas-based International Protector Group (IPG), discusses how new ground breaking legislation, the Bahamas Executive Entity (BEE) Act can simplify the complexities in wealth management structures and enable families to manage lasting client relationships across generations.
FATCA regulations to be delayed until 2014 26/10/2012 The U.S. Treasury and Internal Revenue Service (IRS) have delayed FATCA regulation which was designed to make foreign banks and foreign financial institutions (FFIs) disclose information about U.S. clients' offshore accounts.
Cameron sets out UK's stance on banking union and the eurozone 23/10/2012 UK Prime Minister David Cameron has pledged to fight for UK's interests as eurozone countries move towards a banking union. Speaking after last week’s European Council meeting, Mr Cameron told MPs that “is in our national interest that the uncertainty surrounding the eurozone comes to an end.”
Guernsey's image rights legislation published today 19/10/2012 Guernsey's long-awaited Image Rights legislation has now been published and, subject to the Guernsey legislature passing it into law next month, will be in force as of 3 December 2012.
