December 4, 2023

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 recommendations arising from the 2010 International Monetary Fund Report and various matters that were considered […]

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 suggest that the break-even point of a hedge fund was USD100 million. One could argue […]

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 in financial sector development, supervision, and regulation. He has served as the head of the […]

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 financial regulatory body and its head honcho sullied his name, causing him to suffer loss. […]

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 this ongoing process takes us back to 1986, when Cayman signed the Mutual Legal Assistance […]