Bermuda Consults Industry On New Conduct Of Business Regime
Bermuda Consults Industry On New Conduct Of Business Regime
by Jason Gorringe, Tax-News.com, London
13 January 2021
The Bermuda Monetary Authority on December 15, 2020, released a new consultation paper on its proposal for a conduct of business regulatory regime to better protect retail investors.
Bermuda s financial services regulator had discussed potentially introducing a conduct of business oversight regime in August 2020. At that time, the BMA released a discussion paper on the topic.
The paper noted international work in this area, including by the International Organization of Securities Commissions (IOSCO), which has been endorsed by the G-20 and OECD. The paper said that Bermuda will look at the model in place in Ireland, where the Central Bank of Ireland has responsibility for both prudential regulation and conduct of business and consumer protection concerns for multiple sectors including banking, insuran
Oldest independent English Daily of Dhaka - thenewnationbd.com- is not just an online edition of the paper. It is the fastest vehicle of factual news on events, processes and ideas from Bangladesh and around the globe.
Oldest independent English Daily of Dhaka - thenewnationbd.com- is not just an online edition of the paper. It is the fastest vehicle of factual news on events, processes and ideas from Bangladesh and around the globe.
The Union Cabinet, chaired by Prime Minister Narendra Modi, on Wednesday gave its approval to a memorandum of understanding on Scientific and Technical Cooperation between National Centre of Meteorology (NCM), UAE and India s Ministry of Earth Sciences (MoES).Weat
Cayman Islands, Oman Removed From EU Tax Blacklist
Cayman Islands, Oman Removed From EU Tax Blacklist
by Ulrika Lomas, Tax-News.com, Brussels
13 January 2021
On October 6, 2020, the EU announced that it has added Anguilla and Barbados to its list of non-cooperative jurisdictions for tax purposes and has removed the Cayman Islands and Oman.
The list was first established in December 2017. It lists non-EU jurisdictions that either have not engaged in a constructive dialogue with the EU on tax governance or have failed to deliver on their commitments to implement reforms to comply with a set of tax good governance criteria, concerning tax transparency, fair taxation, and the implementation of international standards against base erosion and profit shifting (BEPS).