The Standard Formula Podcast | Bermuda Monetary Authority Proposes Enhancements to its Regulatory Regime
On 20 January 2026, the Bermuda Monetary Authority (“BMA”) appeared at the Bermuda Captive Network’s half-day education summit, speaking on what is required to make a meaningful captive licence application and reminding...more
On 21 January 2026, the Bermuda Monetary Authority (BMA) released a consultation paper (Consultation Paper) proposing the introduction of a new category of special purpose insurance called the parametric special purpose...more
The Beneficial Ownership Amendment Act 2025 came into effect on 30 December 2025, introducing changes to the Beneficial Ownership Act 2025 (the “Act”); these changes are as follows....more
Regulatory clarity in the digital assets and crypto space continues to be a moving target. Yet, the interest among policymakers and regulators worldwide has never been more pronounced....more
Briefing Summary: The Beneficial Ownership Act 2025 (the “BO Act”) received Royal Assent on 28 September 2025 and is anticipated to come into force on or around 3 November 2025. The BO Act replaces the previous beneficial...more
It is anticipated that the BOA, along with related regulations and guidance, will come into force on 3 November 2025. The BOA makes a number of changes to Bermuda's beneficial ownership regime, including expanding its...more
In the rapidly evolving world of digital assets, Bermuda has emerged as a leading jurisdiction for innovative blockchain projects and institutional-grade regulation. In this interview for HashPoint Advisory, Carey Olsen...more
Bermuda's proposed new licensing regime for digital identity service providers (DISPs) has been further refined and updated, with five licensable activities reduced to two. The development of the DISP regime commenced...more
The surge in adoption of digital technologies and AI is rapidly changing the business, investment and security environments. The global demand for improved and increased digital infrastructure capacity, resilience, speed and...more
The Bermuda Monetary Authority ("BMA") proposes a new Payments Services Act ("PSA") to replace the Money Service Business Act 2016 to establish a clear, risk-based framework for Payment Service Providers ("PSPs") operating in...more
The Bermuda Monetary Authority ("BMA") has issued an invite for proposals from voluntary participants to take part in a pilot project aimed at testing Embedded Supervision practices within the context of DeFi. Embedded...more
At the beginning of the year, we published a short report on the surge in year-end insurance regulatory activity concerning climate change risks (available here). January was another busy month, and we report below on...more