Regulatory and Compliance

We advise across all business sectors, and on some of the most complex and challenging structures. The sheer range of our regulatory practice underlines the quality and scope of our expertise. 

Most businesses we act for operate within a global market of some kind, and we take pride in our ability to tie this reality with the idiosyncrasies of the various Bermuda regulatory environments.

We are actively involved in all aspects of Bermuda policy creation and legislative developments, as well as being leading counsel on the most significant and precedent setting regulatory disputes.

For more detail on specific sectors within our regulatory practice please see below.

Financial Services, Insurance, Funds & Digital Assets

We are trusted advisors across the entire financial services sector, including insurance, investment funds, digital assets, corporate services and trusts, money services business, investment business and banking.

Our market leading practice includes regulatory authorisations, approvals, licensing and registration, remediation programs, due diligence support, investigations (both conducting them directly and advising on internal audit processes), reporting obligations and regulatory disclosures. We also provide legal regulatory audits and client internal training (including at Board level). 

International policy

We are experts in the regulatory regimes that impact all sectors, including economic substance requirements, anti-money laundering, anti-terrorist financing and sanctions compliance, personal information and data protection, anti-bribery, beneficial ownership and international information exchange and transparency obligations. 

Employment and Immigration

We have the largest employment and immigration team on the island and regularly advise clients on all aspects of the employment lifecycle, from recruitment to termination - and everything in between. 

Telecoms and Energy

We act for the majority of these essential businesses in Bermuda throughout their entire lifecycles. We therefore have significant experience in dealing with the Regulatory Authority, both from a non-contentious perspective and through leading Supreme Court decisions concerning enforcement proceedings and appeals.

Health Regulations

Bermuda's healthcare system continues to undergo significant change and businesses are being required to navigate new compliance obligations. 

We keep our clients up to date on the widening of the breadth of the powers exercised by the Government, the Bermuda Health Council and the various professional governing bodies regulating the work of health professionals in Bermuda (i.e. Pharmacists, Nurses and Physicians). 

Regulatory Investigations and Enforcement

Even with the best-planned regulatory compliance in place, enforcement is inevitable, and our dispute resolution team have market leading experience in the management of regulatory investigations and enforcement actions.  We assist with your regulatory engagement in relation to prudential reviews, on-site inspections and remediation, and ensure that your rights are protected throughout the investigation and enforcement process.

Corporate Services

A strong corporate governance framework is one of the best protections for your business when considering regulatory compliance.  Our corporate services team, working closely with our legal services teams, can provide that governance support and help you manage your specialized regulatory needs.  Our industry experts are also regularly invited to serve on client Boards.  In the boardroom, their deep experience across sectors allows them to directly provide sophisticated legal and regulatory guidance most relevant to your business.

Whether you need advice on regulatory applications and compliance frameworks, regulatory training for your team or assistance and guidance with regulatory challenges, we can assist.

Expertise

• Financial Services
  • Insurance
  • Digital Assets
  • Investment Funds
  • Investment Business
  • Banking
  • Corporate Services and Trust Business
• Economic Substance
• Anti-money Laundering and Anti-terrorist Financing
• Anti-Bribery
• International Sanctions
• Tax Policy
• Exchanges of Information and transparency reporting (FATCA, CRS, Tax information exchange agreements, etc.)
• Beneficial Ownership
• Employment & Immigration
  • Drafting Employment Documentation
  • Immigration Applications
  • Employment Litigation
  • Strategic HR advice
  • Internal Investigations
• Data protection and the Personal Information Protection Act (PIPA)
• Cybersecurity
• Corporate Governance and Directors’ Duties
• Telecommunications and Energy