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The Global Compliance Calendar – Are you ready for 2025?
With another new year fast approaching, the countdown is on for in-house legal and compliance teams to start planning and building their compliance calendars for 2025.
Each year these teams are faced with an ever-growing list of regulatory compliance requirements and 2025 brings with it new rules, deadlines and mandatory reporting obligations for companies to adhere to.
Why use a compliance calendar?
A compliance calendar is a way to keep track of all requirements across all jurisdictions within a company’s entity portfolio.
Even a seemingly slight mishap in a far-flung jurisdiction can trigger a ripple effect across the entire company structure – disrupting business operations or incurring substantial financial penalties and potentially even incur criminal liability.
When working in a large, complex international structure, a compliance calendar can help in-house teams to pinpoint the compliance status and requirements in each jurisdiction and ensure efficiency.
As well as tracking external regulatory reporting dates, a compliance calendar can be a way to track internal filings and deadlines such as annual reports, financial statements and quarterly directors’ meetings.
Compliance calendars can also help in-house teams when scheduling annual leave, looking at upcoming due dates on reporting requirements and providing visibility on peak reporting periods based on the entity portfolio.
What’s new for 2025?
Here are just a few of the new compliance requirements set to come in to force in 2025.
| Country | Compliance requirements |
|---|---|
| Norway | On the 31st July 2025, mandatory Ultimate Beneficial Ownership reporting will be enforced in Norway. |
| United Kingdom | By the end of March 2025, companies must have an ‘appropriate office address’ registered with Companies House. |
| Switzerland | On the 1st of January 2025, the transition period for companies to comply with the new Swiss company law requirements comes to an end. |
| Nepal | On the 11th of April 2025, mandatory UBO reporting will be enforced in Nepal. |
| Bermuda | On the 1st of January 2025, a new Corporate Income Tax will apply to businesses in Bermuda. |
Introducing Mercator’s Global Compliance Calendar
Mercator® by Citco (Mercator) provides clients with a bespoke Global Compliance Calendar, housing up-to-date information on all relevant regulatory compliance obligations across their entire entity portfolio.
- A complete schedule for 2025
- All accompanying deadlines
- Clear details of the work needed to be done
- On-platform reminders & email notifications of upcoming deadlines
- Real time task updates & 24/7 access to entity information via our technology platform Entica®
- Mercator’s Global Compliance Calendar increases efficiency and visibility – and ensures that corporate reporting obligations do not take in-house teams by surprise.
Mercator’s Global Compliance Calendar increases efficiency and visibility – and ensures that corporate reporting obligations do not take in-house teams by surprise.
Request a demo of Mercator’s Global Compliance Calendar or contact us on mercator@citco.com to find out more.
