Waystone

The Cayman Tax Information Authority (TIA) recently released its CRS enforcement guidelines outlining the circumstances under which financial institutions could face penalties for failing to comply with the Common Reporting Standard (CRS).

It also outlined the process by which financial institutions would be notified of penalties, and the notice and appeals process by which they may contest penalty imposition. Listen to find out more about the latest enforcement guidelines and the latest updates in relation to FATCA and CRS from our in-house experts.

The Cayman Tax Information Authority (TIA) recently released its CRS enforcement guidelines outlining the circumstances under which financial institutions could face penalties for failing to comply with the Common Reporting Standard (CRS).

It also outlined the process by which financial institutions would be notified of penalties, and the notice and appeals process by which they may contest penalty imposition. Find out more about the latest enforcement guidelines and the latest updates in relation to FATCA and CRS from our in-house experts.

Moderator:
Elaine Chow

Panelists:
Roman Ipfling
Michelle Chan

Waystone is proud signatories of the UN PRI and were delighted to be partnering with the UN PRI for a webinar where the UN PRI provided a brief presentation of the principles and what is expected from signatories to the PRI.

The presentation is followed by a discussion around the practical implication of incorporating responsible investing across a range of strategies, investor priorities and the evolving regulatory landscape.

Please join Suzanna Ballabás, Senior Advisor and Head of Data Protection UAE, together with Sayid Madar, Head of Operations for the Office of the Data Protection Commissioner and Lori Baker, VP, Legal and Director of Data Protection, Office of the Commissioner of Data Protection as they discussed data protection developments in the Middle East, who it applies to, how to comply and the more complex matters of data transfer.

Join Waystone’s Neil Coxhead and Robin Callander, together with Lora Froud of MacFarlanes and Peter Ball of Bishop Fleming as they discussed a range of topics including:

• investment options and structuring
• tax profiling of family investment funds
• creation of a single-family counsel
• the role of the Authorised Corporate Director (ACD) and the importance of the Assessment of Value reporting to families.

Our experts provide an overview of evolving regulatory landscape in relation to AML/KYC as well as discussing the latest industry trends and practices for Asia based managers to best adhere with global and local standards through digital onboarding and outsourcing.

Find out what has been happening in the fund governance space for Cayman registered funds. What are the latest regulatory implications that might impact your next fund launch and what are the current trends our independent directors are seeing that might affect your portfolio.  

On 9 February 2022, the SEC voted to propose rules related to cyber security risk management for registered investment advisers and registered investment companies in a clear signal that firms who are not prepared to address cybersecurity risks will need to take action.

On 9 February 2022,  the SEC proposed five new rules and amendments intended to enhance the regulation of private fund advisers that could have a material impact on registered and unregistered investment managers.

Please join Waystone and our colleague at Titan, a Waystone Group Company as they review what late stage venture capital funds should consider when registering with the SEC when becoming an RIA, how to prepare for SEC examinations and what operational considerations need to be taken into account.