Pinel Advocates Venture Capital completes its first investment of 2016.
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Regulatory
Award follows on from consistent growth in Pinel Advocates' business.
The Channel Islands Securities Exchange Authority is undertaking a review of its Chapter 7 Liisting Rules.
Jersey has been praised by MONEYVAL, following similarly positive results under the FATF and IMF regimes.
Wide-ranging changes from MiFID II are likely to be introduced in 2017.
Pinel Advocates' Group Partner Agnieszka Blaszczyk has been featured in the Jersey Evening Post's Young Leaders 2016 list.
Pinel Advocates is delighted to have joined the Jersey Chamber of Commerce.
Pinel Advocates is delighted to announce that it has joined the Institute of Directors.
The Institute of Directors has been supporting businesses and the people who run them since 1903.
As of 1 January 2016, the Italian black list on Controlled Foreign Companies, on which Jersey was listed, has been abolished. The expectation now is that Jersey will be included on the Italian white list as there are mechanisms in place to allow the exchange of information with Italy.
On 20 January 2016 the JFSC and the Channel Islands Financial Ombudsman (“CIFO”) entered into a Memorandum of Understanding that sets out the areas where they will co-operate and exchange information.
A new draft law has been prepared that would improve the existing limited liability law in Jersey law and a consultation to industry is taking place.
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Pinel Advocates is looking to recruit energetic, ambitious individuals to join is growing team.
Advice on using electronic signatures.
What impact will the new EU regulations to be introduced on data protection have on my online Jersey business?
It is expected that the EU’s General Data Protection Regulation (the “Regulation”) will be finalised in the first quarter of 2015. The Regulation will apply to all processing of personal data by a business operating in the EU market, whether or not the business is physically based in the EU. Jersey businesses providing services to European consumers will have to meet the requirements of the Regulation, even if these differ from Jersey law requirements. All Jersey businesses should therefore be aware of the pending Regulation, particularly those involved in data hosting or Cloud computing, and those who have EU citizens as clients. Any breach of the Regulation by a business could lead to economic penalties.
Jersey is currently assessed as being compliant with EU standards, so maintaining that high standard in line with the new Regulation will be important. It is likely that Jersey will need to update and amend the current Data Protection (Jersey) Law 2005 (the “Law”) in due course to ensure Jersey remains compliant with the Regulation. The best way to prepare for the impending changes is for a business to review its existing data protection policies and procedures to ensure that they comply with the current Law.