Identify and Mitigate Risk: Third-Party Service Providers

The Economic Substance laws and the updated Guidance provided in December 2019 require certain Regulated Entities to submit their declaration indicating the level on on-island activity no later than six months after their financial year start date. It is now August, and although many firms have already completed their declaration, others have various filing dates… READ MORE

Economic Substance Law Requires Risk, Due Diligence and Oversight Processes

In December 2019 the Bermuda Finance Minister released final Guidance around Bermuda’s Economic Substance (ES) laws.  Firms falling within the scope of the ES laws are required to submit their declaration indicating the level on on-island activity no later than six months after their financial year start date. Many companies are using third-party relationships to… READ MORE

Last Chance to Register! Digital Assets – The Future of the Financial Services Industry

Join us for a 45-minute webinar as our experts cover these and other topics: What is distributed ledger technology? What challenges do financial industry firms face by using it? What firms need to do today to protect their clients and themselves Oyster consultants have worked to create exchanges, ATSs, FinTech firms, and innovative financial products.  We have… READ MORE

What’s On Your Checklist?

Companies set many plans and objectives yearly to continue good business operations. This is like most people who have on their lists improving their health so they can aim to live longer.  In the same way, firm leaders also need to apply this this determination to the wellness of their firms. What should be on… READ MORE

DOL Fiduciary Rule Change Webinar Recording Now Available

On August 31, 2016 Oyster Consulting presented the first in a series of webinars addressing the new Department of Labor Fiduciary Rule. During the webinar “Anatomy of a Risk Assessment: Preparing for the DOL Fiduciary Rule Change,” Oyster Consulting experts Evan Rosser, Ami Shah and Bob Tuch shared: Key components of the DOL Rule; Important… READ MORE

Register Today for Oyster’s DOL Risk Assessment Webinar

On April 6, 2016, the U.S. Department of Labor (DOL) released its final regulation (DOL Rule) defining the circumstances under which a financial professional will be deemed to be a fiduciary.  Among the critical initial steps that firms should be taking are an assessment of the potential impact of the rule and a gap analysis… READ MORE