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Channel Islands Regulatory update: April 2025

This document notes that "authorities are already reflecting on the recommendations in the report and identifying any measures that need to be taken to address them.

Decisions, decisions and how to get a good night’s sleep. SFO publishes new guidance for corporates

If the consequences of reporting are uncertain and prosecution still a potential outcome, weighing up whether or not to disclose suspected criminality remains a tough decision.

Collas Crill raises £2k for Guernsey Mind

Staff in Guernsey enjoyed a range of fun activities while also raising funds for Guernsey Mind.

VAT on independent schools: judicial review hearing concluded

Only children with a local authority education and healthcare plan that specifies a particular private school will be exempt from the policy.

Updated Saudi Arabia Investment Law marks pivotal moment for country’s business climate

The new regulations, which came into effect on 25 April, comprise 37 articles and establish guidelines aimed at providing clarity and boosting transparency while maintaining necessary economic and national security safeguards.

What is ‘Gender’ Under the Equality Act? Landmark Ruling – but Controversy Continues.

The case did not relate specifically to employment.

UK deposit return scheme may pose financial and regional challenges for businesses

The DRS regulations were enacted earlier this year and are set to come into force in October 2027.

Campaign to streamline regulatory ecosystem launched in Saudia Arabia Special Economic Zones

For our clients, this translates to reduced operational costs, minimized investment risks

The Higher Education (Freedom of Speech) Act 2023: What Does it Mean?

Higher education providers will need to take (reasonably practicable) steps to ensure lawful freedom of speech.

EU standard-essential patent reforms could be resurrected

EU law makers in the European Parliament and the Council of Ministers were unable to reach consensus on the proposed regulation.

UK employee share plans: the online annual filing regime

Following registration, companies must file their share plans annual returns online, also via the PAYE online services portal.

SEC Eases Burden of Co-Investment

This order, which adopts a more principles-based co-investment framework, will greatly simplify and modernize the co-investment process

Ireland abolishes daily ETF portfolio transparency requirement

A wide range of Irish ETF structuring options are available

The BVI's new CRS additional information forms – a new reporting obligation

The CRS Forms will provide additional information about the FI to the ITA

Insured risks litigation in the Channel Islands

The Channel Islands comprise two separate jurisdictions, Guernsey and Jersey.

Country Update – Bermuda: AML

The POCA is primarily aimed at preventing offences relating to the proceeds of criminal conduct

Is the Corporate Transparency Act dead?

If you have a US company and did not make an initial CTA filing, the same is true.

Uncertainty around companies’ disclosure duties in South Africa under amended Companies Act

The amended section 26 puts into question the efficacy of PAIA which confers additional rights on those requesting access to company records.

EU moves to clarify AI Act scope for gen-AI

The proposals are the subject of a survey the European Commission has opened, through which it is seeking the views of industry and other stakeholders.

Freezing injunctions in Bermuda

This briefing note provides an overview of freezing injunctions in Bermuda.

Government Regulation