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
Our latest guides for NYSE and Nasdaq take-private deals offer useful insights and legal frameworks....more
In response to an ever increasing array of business models and attendant risks in the digital assets sector, the BMA is proposing amendments to enhance its supervisory framework for licensed entities.
Specific focus is on...more
Bermuda is enhancing its banking legislation to make it attractive to new banks – particularly those wishing to provide services to Fintech companies.
The new 'restricted banking' license makes it easier to set up in...more
Since the announcement of its Fintech strategy in November 2017, the Bermuda government has positioned Bermuda as a market-leading jurisdiction with respect to Fintech, with a view to Bermuda operating as an innovation hub...more
9/25/2024
/ AML/CFT ,
Artificial Intelligence ,
Bermuda ,
Compliance ,
Cryptocurrency ,
Digital Assets ,
FinTech ,
Fund Managers ,
Insurance Industry ,
Investment Funds ,
Know Your Customers ,
Machine Learning ,
Regulatory Requirements ,
Risk Assessment
In recent years, the global markets (predominantly in the US) have experienced a significant surge in hostile takeovers, largely due to the COVID 19 pandemic, which impacted public companies' equity values and ultimately...more
On 19 May 2023, Bermuda Government has passed legislation to amend the Digital Asset Business Act 2018 ("DABA" or the "Act") which further enhances the legal and regulatory digital asset business ("DAB") framework and...more
Bermuda has established itself as a leading market for insurtech, representing a convergence of the well-established reinsurance market with the burgeoning fintech market.
A number of Bermuda reinsurance companies already...more
As part of our five year anniversary celebrations of our law firm opening in Bermuda, we put together the original version of this summary report highlighting the latest developments and trends in the Bermuda legal and...more
7/28/2022
/ Anti-Money Laundering ,
Bermuda ,
Cybersecurity ,
Digital Assets ,
Economic and Financial Affairs Council (ECOFIN) ,
EU ,
FinTech ,
Foreign Entities ,
Hong Kong ,
Initial Public Offering (IPO) ,
Insurance Industry ,
Insurtech ,
Investment ,
Jurisdiction ,
Reinsurance ,
Reporting Requirements ,
Restructuring ,
Stock Exchange ,
Trusts
1. INTRODUCTORY -
1.1 Forms of Corporate/Business Organisations The principal forms of corporate and business organisations in Bermuda are:
• exempted companies, owned by non-Bermudians and carrying on business outside...more