The following may be of interest and a good time to refresh on the “Substance” issues and requirements General matters 1. In the General Secretariat’s report published yesterday, each of the Cayman Islands and the BVI were recognised for their cooperation and positive dialogue in respect of their economic substance requirements, and remain committed to […]

AS AT December 2015 the Draft Guidance Notes have been revised in response to requests from interested parties for further clarification on certain matters. Also, while Guernsey, the Isle of Man and Jersey have continued to work in concert, the Draft is now being issued on a jurisdiction specific basis. It should be noted that […]