Hashtag: #BermudaMonetaryAuthority
Monetary Authority & FSRA Sign MoU
The Bermuda Monetary Authority [BMA] and the Financial Services Regulatory Authority [FSRA] of the Abu Dhabi Global Market [ADGM] announce the signing of a joint Digital Assets Memorandum of Understanding [MoU]. A spokesperson said, “The MoU creates a framework enabling the collaboration between the BMA and the FSRA to support the establishment... Read more of this article
Lloyd’s & Bermuda Monetary Authority MoU
Lloyd’s announced a Memorandum of Understanding [MoU] with the Bermuda Monetary Authority [BMA]. A spokesperson said, “Lloyd’s, the world’s leading marketplace for insurance and reinsurance, has today announced the signing of a Memorandum of Understanding [MoU] with the Bermuda Monetary Authority committing to working collaboratively to... Read more of this article
BMA Warn About Email Phishing Attempts
The Bermuda Monetary Authority [BMA] said they have been “made aware of several e-mail phishing attempts targeting Bermuda-based financial services licensees registered with the Authority.” A spokesperson said, “The e-mails appear to be coming from false Bermuda Monetary Authority e-mail addresses or private e-mail accounts. “The fraudulent... Read more of this article
Monetary Authority To Collaborate With Lloyd’s
The Bermuda Monetary Authority [BMA] along with Lloyd’s, have “committed to jointly developing an initiative for closer collaboration and alignment between the world’s two major [re]insurance hubs.” A spokesperson said, “The initial focus will be on improving access to education academies and innovation through the Lloyd’s Lab and... Read more of this article
BMA Aim To ‘Inspire Inclusion’ On Women’s Day
Today, on International Women’s Day [IWD], the women of the Bermuda Monetary Authority are “standing strong together to #InspireInclusion.” A spokesperson said, “Women play a prominent role in the BMA’s labour force, with a growing number serving in senior positions and strong representation on the Board of Directors. In 2024,... Read more of this article
ICO Decision On Bermuda Monetary Authority
Information Commissioner Gitanjali Gutierrez issued Decision 01/2024 in regards to the Bermuda Monetary Authority. A spokesperson said, “On 23 February 2024, Information Commissioner Gitanjali Gutierrez issued Decision 01/2024, Bermuda Monetary Authority. “In this Decision, the Applicant had made a PATI request for records relating to digital... Read more of this article
Monetary Authority Releases 2024 Business Plan
The Bermuda Monetary Authority [BMA] has released its 2024 Business Plan, stating that the “forward-looking blueprint details initiatives and projects to achieve positive outcomes and strengthen Bermuda’s regulatory framework for the upcoming year.” A spokesperson said, “Additionally, the plan highlights a continued focus on... Read more of this article
BMA Has Not Issued A Licence To Bitzelex
The Bermuda Monetary Authority advised that it has not issued a licence to Bitzelex Global [Bermuda] Ltd, adding that “any image of a licence and any corresponding claims to be licensed by the Authority are fraudulent.” A spokesperson said, “The Bermuda Monetary Authority [Authority or BMA] is aware of an image purporting to be a licence... Read more of this article
BMA Revokes Vesttoo Alpha’s Registration
The Bermuda Monetary Authority [BMA] has “revoked the registration of Vesttoo Alpha P&C Fund, LP.” A spokesperson said, “The Vesttoo Fund was registered as a Professional Class B Fund on 18 August 2022 under the provisions of Investment Funds Act 2006 [Act]. “The Vesttoo Fund was specifically established to raise collateral... Read more of this article
BMA Gift Drive Collects Over 100 Toys For Tots
The Bermuda Monetary Authority [BMA] has successfully collected over 100 toys for children through a staff gift drive benefiting the Coalition for the Protection of Children’s Toys for Tots program. A spokesperson said, “The donations will be distributed to families with the greatest need and include over 30 grocery and gift vouchers. The... Read more of this article
BMA Hosts 2nd Annual Community Clean-Up
The Bermuda Monetary Authority hosted an Island Wide Clean-Up event in support of Keep Bermuda Beautiful as part of its annual Community Day. A spokesperson said, “The Bermuda Monetary Authority [Authority or BMA] participated in its Second Annual Community Day by hosting an Island Wide Clean-Up event on Thursday, 28 September 2023. The Authority’s... Read more of this article
BMA Levies Civil Penalties On Acadia Life
The Bermuda Monetary Authority confirmed they have “levied civil penalties totalling $900,000 on Acadia Life Limited [Company], an entity registered by the Authority under the Insurance Act 1978 [Insurance Act] as a Class C insurer to carry on long-term insurance business.” A spokesperson said, “The civil penalties have been levied... Read more of this article
