InstructorTerri Hays
TypeOnline Course
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Tuition Options


PracticeEdge Elite™

Standard Tuition $400 US

Senior Fellow Chris Gardner, JD, Partner, Dechert

Having viable options when choosing an offshore jurisdiction is good for our industry and the investors we serve. Bermuda was once the domicile of choice for offshore funds, but we became complacent and Cayman achieved dominance.

Over the last few years, through collaboration among industry, government and the regulator, Bermuda has updated its Investment Funds Act, and made other legislative and policy changes aimed at improving our fund product. Additionally, the absence of corporate, income and dividend taxes, along with the unsurpassed quality of life on the island, make Bermuda a highly desirable location for asset management companies.

This Course will discuss these features, compare our revised product to those of other jurisdictions, and explain Bermuda’s approach to FATCA and AIFMD. Our panel will include leaders from Bermuda investment management, law, audit and fund administration firms, along with a representative from the Bermuda Monetary Authority and the Bermuda Stock Exchange.

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Students shall learn the following within this Course:

  • Recognize the changes that have been made to Bermuda’s fund framework following discussions among Bermuda industry, Government and the Bermuda Monetary Authority as well as international influencers;
  • Identify the effect of recent amendments to Bermuda’s Investment Funds Act 2006;
  • Compare Bermuda’s current fund framework to those of other jurisdictions;
  • Appreciate licensing requirements/exemptions for Bermuda-based asset managers and opportunities for having a physical presence in Bermuda;
  • Recognize Bermuda’s position in relation to FATCA and AIFMD;
  • Differentiate between Bermuda’s fund classes;
  • Apply the legal, regulatory and tax advantages of choosing Bermuda as a jurisdiction.
  • Define Bermuda’s legislative approach to third party rights

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Senior Fellow:

Chris Gardner, JD, Partner, Dechert

Guest Lecturers:

Ross Webber, MBA Chief Executive Officer, Bermuda Business Development Agency
Greg Wojciechowski, President & CEO, Bermuda Stock Exchange
Shelby Weldon, CPA, Director – Licensing & Authorizations, Bermuda Monetary Authority
Sarah Demerling, Partner, Appleby
Sharon Beesley, LLM, Director & CEO, ISIS Law
Beth Denman, JD, Partner, Conyers, Dill & Pearman
Alex Potts, BVC Partner, Sedgwick Chudleigh
Jessel Mendes, CPA, CA Partner, EY
Alison Morrison, Managing Partner, Oyster Consulting

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Accreditation Information

CLE Information

Credit Hours: 2
Subject Area: Professional Practice
States: Contact Curriculum Advisor For More Information

CPE Information

Credit Hours: 3
Subject Area: Accounting
States: Contact Curriculum Advisor For More Information


Course ID Number:  8197


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Alabama: Approval of all web based programs is limited to a maximum of 6.0 credits.

Arizona: Does not approve or accredit CLE activities for the Mandatory Continuing Legal Education requirement. RCA programs may qualify for credit based on the requirements outlined in the MCLE Regulations and Ariz. R. Sup. Ct. Rule 45.

Iowa: The approval is for one year from recorded date. Does not approve of Audio-only On-Demand Webcasts.

Missouri: On-demand web programs are restricted to six hours of self-study credit per year. Self-study may not be used to satisfy the ethics requirements. Self-study can not be used for carryover credit.

New Hamphsire: The approval is for three years from recorded date.

New Mexico: On-Demand web programs are restricted to 4.0 self-study credits per year.

New York: Newly admitted attorneys may not take non-traditional course formats such as on-demand Web Programs or live Webcasts for CLE credit. Newly admitted attorneys not practicing law in the United States, however, may earn 12 transitional credits in non-traditional formats.

North Carolina: A maximum of 4 credits per reporting period may be earned by participating in on-demand web programs.

Ohio: To confirm that the web program has been approved, please refer to the list of Ohio’s Approved Self Study Activities at Online programs are considered self-study. Ohio attorneys have a 6 credit self-study limit per compliance period. The Ohio CLE Board states that attorneys must have a 100% success rate in clicking on timestamps to receive ANY CLE credit for an online program.

Oklahoma: Up to 6 credits may be earned each year through computer-based or technology-based legal education programs.

Pennsylvania: PA attorneys may only receive a maximum of four (4) hours of distance learning credit per compliance period. All distance learning programs must be a minimum of 1 full hour.

Rhode Island: Audio Only On-Demand Web Programs are not approved for credit. On-Demand Web Programs must have an audio and video component.

Tennessee: The approval is for the calendar year in which the live program was presented.

Virginia: All distance learning courses are to be done in an educational setting, free from distractions.

Wisconsin: Ethics credit is not allowed. The ethics portion of the program will be approved for general credit. There is a 10 credit limit for on-demand web programs during every 2-year reporting period. Does not approve of Audio-only On-Demand Webcasts.

Iowa, Mississippi, Oklahoma, and Wisconsin DO NOT approve Audio Only On-Demand Web Programs.

If you have already received credit for attending some or the entire program, please be aware that state administrators do not permit you to accrue additional credit for repeat viewing even if an additional credit certificate is subsequently issued.

If applicable, the RCA will apply for credit in your state upon request.