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On 12 April 2022, the Mauritian Government adopted the Variable Capital Companies Act 2022 (VCC Act) before the National Assembly in pursuance of its commitment to arm its international financial centre.

As one of the leading offshore financial centres, home to approximately 70% of the world's offshore investment funds and with an absence of any direct taxation on companies or individuals, the Cayman Islands has become an attractive destination for technology entrepreneurs.

Bermuda's private equity funds face mounting pressure as net asset values concentrate in fewer, larger portfolios while traditional exit routes remain constrained. With merger and acquisition markets uncertain and distribution droughts complicating fundraising, sponsors must navigate continuation vehicles and NAV financing as alternative liquidity solutions, each carrying distinct structural complexities and contractual implications under Bermuda's flexible partnership framework.

The Bermuda Monetary Authority has introduced new requirements for police clearance certificates when vetting key personnel at anti-money laundering and anti-terrorist financing regulated financial institutions. This policy change affects licensing, recruitment, and ownership transitions by requiring criminal record documentation from countries where individuals have resided, with specific implications varying across different sectors of Bermuda's financial services industry.

The Bermuda Monetary Authority ("BMA") released a consultation paper, Operational Resilience and Outsourcing Code ("CP") on 14 January 2025, which outlines standards that the BMA has designed to bolster the financial service sector's ability to pre-empt, adapt, manage, recover from, and learn from operational disruptions.

Any doubts surrounding the durability of alternative structures have largely been put to bed after ILS' response to 2017 events.

This helpful guide should tell you everything you need to know about setting up a Digital Asset or Blockchain fund in Bermuda.

The Bermuda Monetary Authority is proposing eight new banking models to modernize and diversify the island's financial sector, with a particular focus on serving digital asset businesses and expanding access to specialized wholesale and retail banking services. Will these reforms position Bermuda as a leader in offshore banking innovation while maintaining its reputation for robust regulation and financial stability?

Bermuda is positioning itself as a global leader in digital finance through comprehensive regulatory frameworks and strategic partnerships with major technology companies. The jurisdiction's innovative approach to blockchain, AI, and digital assets demonstrates how collaboration between government, regulators, and industry can create an environment that balances innovation with appropriate oversight. With ambitious plans to become the world's first fully on-chain national economy, Bermuda is leveraging deca

The Bermuda Monetary Authority has released a consultation paper proposing principles-based guidance on artificial intelligence use in financial services, clarifying how existing regulatory frameworks apply without introducing new AI-specific legislation. The guidance establishes eight core principles and detailed expectations for governance, risk management, and oversight of AI systems, including emerging agentic AI capabilities. Regulated entities must now assess their AI inventories, board oversight arra

On 24 December 2019, both the Economic Substance Amendment (No.2) Act 2019 and the Economic Substance Amendment (No.3) Regulations 2019 (the Amendment Legislation) came into force

Bermuda is positioning itself as a global leader in digital finance through comprehensive regulatory frameworks and strategic partnerships. This article explores how the island's innovative approach to blockchain, AI, and digital assets is attracting major international investment while maintaining robust oversight. From Google's subsea cable infrastructure to the government's ambitious plan to become the world's first fully on-chain national economy, discover how collaboration between regulators and indust

Our Appleby Bermuda office is pleased to launch our six‑part insight series examining the Bermuda Monetary Authority’s 2026 Business Plan through the lens of our expert legal teams. Each article unpacks how the BMA’s priorities are shaping regulatory expectations and sector‑specific developments across Bermuda’s financial landscape.

We are pleased to present the latest edition of our Bermuda Public Companies Update which features a recap of significant transactions involving Bermuda public companies listed on the NYSE and Nasdaq for the period of H2 2018.

He has watched the island's growth from the front row since 1996 and is resolute that Bermuda continues to dominate reinsurance with its innovation and sound infrastructure.

The Investment Business Act 2003 was materially amended by the Investment Business Amendment Act 2022 and these amendments came into effect on 27 July 2022 (collectively, the IBA).

The government of Bermuda has published the Economic Substance Act 2018 (the "ESA"). The ESA, once adopted, is intended to meet the commitment made by Bermuda to address certain concerns raised