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ARTICLE · 22 APRIL 2022

Bermuda Regulatory Outlook

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We are pleased to share our first Regulatory e-Bulletin for 2022, which highlights several of the regulatory changes expected in the coming year that will affect Bermuda entities.

BermudaFinance and Banking
Conyers
Conyers
William Cooper
William Cooper
Sarah Lusher
Sarah Lusher
Andrew Barnes
Andrew Barnes
Jacari Brimmer-Landy
Jacari Brimmer-Landy
Kathleen McBeath
Kathleen McBeath
Sarah Blair
Sarah Blair
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As we look ahead in 2022, there are several regulatory changes expected during the year which will impact Bermuda entities. With the landscape constantly evolving, we know that organisations will want to stay up to date with their regulatory requirements, and ahead of any filing, compliance or administrative obligations.

Investment Business Act

Entities which carry on "investment business" (as defined in the Investment Business Act 2003, the "Investment Business Act") should be aware of expected changes to the Investment Business Act involving licensing and registration. Currently, entities which carry on investment business outside of Bermuda are of out scope of the Investment Business Act completely, and other entities which do carry on investment business in Bermuda are able to avail themselves of a number of exemptions from licensing requirement, which involves a one time notification to the Bermuda Monetary Authority (the "Authority"). Pursuant to a bill

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