Regulatory Updates

Belize

International Business Companies (Amendment) Act, 2017 (Jan 2018)

BVI

BVI Visa Exemption to Chinese Nationals (July, 2018)

The BVI Micro Business Companies Act, 2017 (July, 2018)

The British Virgin Islands Limited Partnership Act, 2017 (May, 2018)

BVI Government Fee Increase Effective January 2018 (Jan 2018)

The Beneficial Ownership Secure Search System Act, 2017 (the “BOSS Act”)(Jun 2017)

Cayman Islands

Extension of AML Officer Appointment Deadline for Cayman Islands Investment Funds (Nov 2018)

Important changes for Cayman Islands Structured Finance SPVs – AML Regulations (Sep 2018)

Cayman Island Beneficiary Ownership Register (“UBO Register”) (July, 2018)

Important changes for Cayman Islands Investment Funds – AML Regulations (May, 2018)

Actions required on Register of Beneficial Ownership for Cayman Companies (Mar 2018)

New Requirement on Register of Beneficial Ownership for Cayman Companies (Jan 2018)

Cayman Islands Introduces Beneficial Ownership Register Regime (Jun 2017)

Hong Kong

Hong Kong Companies (Amendment) Bill 2017: Introducing Significant Controllers Register (SCR) (Mar 2018)

Anti-Money Laundering and Counter-Terrorist Financing (Financial Institutions) (Amendment) Bill 2017 – Expanding Anti-Money Laundering and Counter-Terrorist Financing regulation of Designated Non-Financial Businesses and Professions (DNFBPs)(Mar 2018)

India

India Companies (Amendment) Act 2017 passed on 3 January 2018 (Mar 2018)

Seychelles

Waiver of Penalty Fees for Seychelles International Business Companies that Contravene Register of Directors Filing Requirements (Jan 2018)

Seychelles International Business Companies (Amendment) Bill, 2017 (the “Amendment Bill”) (Jun 2017)

Singapore

Singapore Companies (Amendment) Act 2017: Inward redomiciliation for foreign entities (Mar 2018)

UK

Impact of UK's Sanction and Anti-Money Laundering Bill on Overseas Territories (May, 2018)