Regulatory update: amendments to the Financial Services Commission Act, 2001
By Mirza Manraj From Harneys Various sections of the Financial Services Commission Act, 2001 (the FSC Act) by the Financial Services Commission (Amendment) Act, 2015 (the Amendments) have been amended and enacted. The background to the Amendments stem from the…
Popularity of approved fund surpasses initial expectations
By James Williams From Hedgeweek The challenge for any aspiring hedge fund start-up has been well documented in recent times. Year after year, the barriers to entry rise. Five years ago, the onset of global regulation prompted industry commentators to…
Turks and Caicos names new head of Financial Services Commission
From Caribbean Journal A new managing director Governor Peter Beckingham has appointed Niguel Streete as the next Managing Director of the Financial Services Commission, in accordance with the recommendation of the commission’s board. Streete brings over 20 years of experience…
FSC ordered to pay damages to Delroy Howell
By Vivian Tyson, Senior SUN Editor From Turks & Caicos Sun The Turks and Caicos Islands Supreme Court has awarded Jamaican businessman Delroy Howell damages against the Financial Services Commission (FSC) and its director Kevin Higgins after Howell claimed the…
Cayman Islands – uniquely positioned for growth
Article by Gonzales Jalles From Cayman Finance REPORT SUMMARY International recognition Unique benefits Conclusion The Cayman Islands has demonstrated a commitment to transparency and embraced international initiatives like no other international financial centre. One of the key first steps in…
