Governor Phil Scott (pictured) has signed new legislation, Bill H.76, into law, making several updates to Vermont’s captive insurance law on 8 May
South Africa’s Prudential Authority has fined energy captive Escap SOC R5 million for breaching section 167(1) of the Financial Sector Regulation Act 9 of 2017
The U.S. Treasury Department and IRS have issued proposed regulations to identify certain micro-captive transactions as "listed transactions" and "transactions of interest"
The Council of the EU has adopted the proposed European Union Corporate Sustainability Reporting Directive
The Internal Revenue Service has filed a petition with the US District Court for the Middle District of Florida, Tampa Division to enforce summonses to investigate tax liability in a captive insurance transaction
The State of Connecticut Insurance Department has made several amendments to its existing captive insurance legislation, all of which will come into effect on 1 July
Governor Ray Cooper has signed Senate Bill 347 into law in North Carolina, amending existing captive insurance legislation to incentivise redomestication to the state
