Tag: European Union

Panton navigates choppy ‘blacklist’ waters

Panton navigates choppy ‘blacklist’ waters

| 08/02/2017 | 7 Comments

(CNS Business): The Cayman Islands financial services minister has been doing the rounds in Brussels and London over the last week to persuade European officials that Cayman should not be on any grey or blacklists and to talk about the continued pressure from the UK for Cayman and the other ter [...]

Continue Reading

Cayman fund rivals could see post-Brexit boost

Cayman fund rivals could see post-Brexit boost

| 18/07/2016 | 0 Comments

(CNS Business): As the fallout from the Brexit vote turns to the complexities of engineering the UK’s exit from Europe, there is a real possibility that fund managers might move their headquarters from the UK to remain in the EU, and with Luxembourg and Dublin seen as viable alternatives, these [...]

Continue Reading

EU blacklist of tax havens coming within six months

EU blacklist of tax havens coming within six months

| 03/05/2016 | 24 Comments

(CNS Business): A European-wide blacklist of non-cooperative tax jurisdictions is definitely coming and will be announced within six months, according to EU officials. Member of European Parliament (MEP) Jeppe Kofod, who is part of the TAXE2 Committee that a delegation from Cayman recently appea [...]

Continue Reading

Minister points to worrying trend at EU grilling

Minister points to worrying trend at EU grilling

| 26/04/2016 | 10 Comments

(CNS Business): The Cayman Islands financial services minister says there is a worrying trend in attitudes towards offshore financial services in Europe that would go well beyond concerns about automatic exchange of information and public access to beneficial ownership. Wayne Panton said some Eu [...]

Continue Reading

June deadline for Cayman EU funds passport

June deadline for Cayman EU funds passport

| 15/02/2016 | 1 Comment

(CNS Business): The Cayman Islands can expect a decision on its inclusion in the EU’s AIFMD (Alternative Investment Fund Managers Directive) Passport scheme by June, which, if granted, would secure future access to European investors for funds either managed or registered in Cayman. The funds i [...]

Continue Reading

Legislative amendments establish AIFMD opt-in framework

Legislative amendments establish AIFMD opt-in framework

| 02/10/2015 | 0 Comments

(CNS Business): Some key amendments to financial services legislation have taken the Cayman Islands a step further towards participating in the EU’s Alternative Investment Fund Managers Directive (AIFMD), while Cayman awaits confirmation from European regulators that it will receive its AIFMD [...]

Continue Reading

Cayman prepares for AIFMD passport

Cayman prepares for AIFMD passport

| 04/08/2015 | 0 Comments

(CNS Business): Cayman Islands financial and government leaders said they remain committed to working with the European Securities and Markets Authority as the island,  along with other major jurisdiction, face uncertainty over whether they will be granted the EU’s Alternative Investment Fund [...]

Continue Reading

Cayman to introduce new opt-in AIFMD Regime

Cayman to introduce new opt-in AIFMD Regime

| 15/07/2015 | 0 Comments

(CNS Business:) The Cayman Islands Government is setting up new regimes that will allow managers to opt-in to reporting consistent with the European AIFMD requirements. On Friday two draft bills were published which make certain amendments to the Mutual Funds Law (MFL) and Securities Investment B [...]

Continue Reading

EU’s newest list not a ‘blacklist’

EU’s newest list not a ‘blacklist’

| 22/06/2015 | 1 Comment

(CNS Business): According to the OECD, the EU Commission has confirmed that they have not yet decided which countries should be included on a new blacklist of non-cooperative tax jurisdictions and the list that they released on 17 June was “based on Member States’ independent nationa [...]

Continue Reading

Cayman on new EU blacklist

Cayman on new EU blacklist

| 17/06/2015 | 14 Comments

(CNS Business) Updated: Government appeared to brush off the latest blacklisting of the Cayman Islands when it released a short statement on Wednesday at around 5pm following revelations by the EU that the jurisdiction had been cited as facilitating tax

[...]

Continue Reading

Reporters to get access to EU ownership register

Reporters to get access to EU ownership register

| 18/12/2014 | 0 Comments

(CNS Business): Investigative journalists and other concerned citizens with a “legitimate interest”, as well as law enforcement officials and legal authorities, will have access to the ultimate owners of companies listed in central registers in EU countries under a new agreement signe [...]

Continue Reading