Bermuda Narrows Beneficial Ownership Exemptions (Impacting Captives)

Following Royal Assent to the Beneficial Ownership Act 2025, exemptions shrink markedly. Captives must identify and file beneficial owners with the RoC. The change moves filings away from the BMA. Compliance processes and onboarding of new owners require adjustment. Managers should prepare documentation and approvals ahead of the effective date. Source: Captive Insurance Times #Actomate #Bermuda #Regulatory #OperationalRisk #RegulatoryChange