News & Analysis as of

Regulatory Requirements Bermuda

Conyers

Conyers Investment Funds Report | Q1 2025

Conyers on

This inaugural edition of the Conyers Investment Funds Report presents a variety of updates and insights relevant to the investment funds space in the Cayman Islands, British Virgin Islands, and Bermuda. The report provides...more

Conyers

Economic Substance Declaration Filings – May 2025

Conyers on

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

Conyers

Country Update - Bermuda: AML

Conyers on

Bermuda is a leading international financial centre and maintains a comprehensive body of primary legislation relating to money laundering and terrorist financing, supported by a range of general and sector specific guidance...more

Walkers

What you need to know about Bermuda new Digital Identity Service Provider Regime

Walkers on

A new licensing regime for digital identity service providers is to be introduced in Bermuda. The new licensing regime should pave the way for a smoother CDD journey for consumers, without compromising Bermuda's high...more

Conyers

Dividends out of Share Premium: A Brief Refresher

Conyers on

As Hong Kong listed Bermuda and Cayman Islands exempted companies approach their annual results season, many may be considering paying their shareholders a dividend, whether due to a profitable financial year or as a gesture...more

Carey Olsen

Bermuda Fintech Guide (Chambers)

Carey Olsen on

This chapter provides the latest legal information on Bermuda's fintech market and regulation, including regulatory jurisdiction, sandboxes, AML rules and FATF standards; robo-advisers, online lenders and payment processors;...more

Skadden, Arps, Slate, Meagher & Flom LLP

The Bermuda Monetary Authority Reflects on the Increasing Prevalence of Asset-Intensive Reinsurance

On the heels of the publication by the International Association of Insurance Supervisors (IAIS) of a draft consultation paper analysing the structural shifts in the life insurance sector to increase allocations to...more

Walkers

The BMA invites proposals to test Embedded Supervision in DeFi

Walkers on

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

Skadden, Arps, Slate, Meagher & Flom LLP

The Standard Formula: Encyclopaedia of Prudential Solvency – Chapter 2: The Bermuda Prudential Solvency Regime

This chapter discusses the Bermudian prudential solvency regime. Bermuda rose to prominence in the insurance and reinsurance industries in the late 1960s and early 1970s, largely due to its pioneering work in the...more

Conyers

Why Corporations Looking to Move from Delaware Should Consider Redomiciling to Bermuda: A Legal Perspective

Conyers on

Recent decisions in the Delaware courts have prompted many corporate groups to re-evaluate if Delaware is the best domicile for their operations. Delaware has been the first choice US jurisdiction for incorporating corporate...more

Conyers

Segregated Accounts Guidance Note: Key Regulatory Updates for Segregated Account Insurers

Conyers on

In July 2024, the Bermuda Monetary Authority (BMA) released its long-awaited guidance note entitled “General Business Insurers with Segregated Accounts and Separate Accounts” (the “SAC Guidance Note”) which provides the...more

Carey Olsen

The rise and growth of decentralised digital governance structures – ushering in a new era of finance

Carey Olsen on

The world of finance has been turned on its head. Digital Assets and distributed ledger technology, once the realm of tech enthusiasts, are now capturing the attention of institutional investors. We are witnessing a profound...more

Conyers

Regulatory & Risk Advisory Outlook 2025: Bermuda

Conyers on

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

Conyers

Proposed Enhancements to Bermuda's Group Supervision Framework

Conyers on

On 4 December 2024, the Bermuda Monetary Authority (BMA) issued its consultation paper entitled “Proposed Enhancements to the Insurance Group Supervision Framework,” outlining regulatory updates to strengthen the BMA’s...more

Conyers

Basic Rights Request Response Process under Bermuda’s Personal Information Protection Act (PIPA)

Conyers on

The Personal Information Protection Act (PIPA) is a critical framework for protecting individuals’ personal information in Bermuda. Under PIPA organisations are required to adhere to several key principles, including ensuring...more

Walkers

A comprehensive guide to the BMA's proposed new Operational Resilience and Outsourcing Code

Walkers on

In response to the increasing interconnectedness of financial service providers across global networks, the BMA is proposing to implement a new Operational Resilience and Outsourcing Code for regulated entities across all...more

Carey Olsen

A guide to blockchain and cryptocurrency regulation 2025: Bermuda (GLI chapter)

Carey Olsen on

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. In the United States, 2024 was a pivotal...more

Conyers

Top 5 Bermuda Publications of 2024

Conyers on

In Bermuda, our most popular posts and publications provided updates from our Corporate practice, particularly regulatory changes and insurance insights, along with reflections on private client matters and litigation....more

Conyers

Brief Overview of the Data Protection Regime in Bermuda, British Virgin Islands and Cayman Islands

Conyers on

Bermuda, the British Virgin Islands (“BVI”) and the Cayman Islands have each introduced data protection regimes in recent years which align with global data protection standards. It is therefore increasingly important for...more

Conyers

Navigating International Sanctions: Impact of the Ukraine War on Bermuda

Conyers on

When Russia invaded Ukraine on 22 February 2022 most Bermudian residents did not think it would have much impact to the island. However as both an overseas territory of the United Kingdom and as an international finance...more

Conyers

Preparing for PIPA Compliance: A Guide for Organisations in Bermuda

Conyers on

When the substantive provisions of Bermuda’s Personal Information Protection Act 2016 (PIPA) become operational on 1 January 2025, it is vital that all in scope organisations ensure their compliance with PIPA....more

Carey Olsen

Insurance M&A: Bermuda’s change of control requirements

Carey Olsen on

This article, the first in a multi-part series on M&A in insurance, considers the change of control regime under the Bermuda Insurance Act 1978 (the “Insurance Act”) as it applies to shareholder controllers of Bermuda...more

Conyers

The Bermuda Economic Substance Regime – Are You in Compliance?

Conyers on

For Bermuda-based entities which have a financial year end of 31 December 2024, the final quarter of the fiscal year is a good time to consider their position with respect to Economic Substance. Economic Substance Regime -...more

Conyers

Know Your Ongoing Bermuda AML/ATF Compliance Requirements

Conyers on

Continued compliance with Bermuda’s anti-money laundering (AML) and anti-terrorist financing (ATF) legislation remains a hot topic for Bermuda regulated entities, especially those brought recently into scope by the Investment...more

Carey Olsen

Bermuda corporate and finance update Q2 2024

Carey Olsen on

Our corporate team outline the latest developments within the corporate and finance market in Bermuda including Bermuda’s Corporate Income Tax Act 2023, Cyber risk management and The Bermuda Monetary Authority's enhancements...more

42 Results
 / 
View per page
Page: of 2

"My best business intelligence, in one easy email…"

Your first step to building a free, personalized, morning email brief covering pertinent authors and topics on JD Supra:
*By using the service, you signify your acceptance of JD Supra's Privacy Policy.
- hide
- hide