Keeping an eye out for key industry trends and developments is critical for corporate and finance communications professionals in a rapidly changing environment.

Here’s the Crystal team’s regular snapshot of some of the highlights and points of note from around the jurisdictions this past month…

• Jersey: Jersey’s government clarified that mandatory gender pay gap reporting was not on their radar, citing cost and the administrative burden.
• Luxembourg: Meanwhile, a requirement for women to make up at least one-third of board directors at large listed companies with headquarters in Luxembourg will take effect from next year, under a new draft EU law – although Luxembourg has already missed the deadline set by Brussels for transposition.
• Guernsey: 82 candidates have put themselves forward for the forthcoming elections in Guernsey.
• Cayman: Meanwhile, election fever had already hit Cayman, with a new government sworn in on 6th May, following a general election that saw a voter turnout of 74% – amongst the world’s highest.
• Social Media: a set of new clear and transparent social media rules are set to be introduced for Jersey politicians, which include banning the excessive or abusive use of gifs and memes.
• ESG: The European Commission launched a consultation period to inform a redesign of the Sustainable Finance Disclosure Regulation (SFDR) to make it more workable for fund managers and more useful to investors.
• Cayman: finance industry leaders urged caution on proposed immigration reforms in the jurisdiction, warning that the island’s core industry relies on imported labour.