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Jarion Richrdson, JP, MP

Jarion Richrdson, JP, MP

1788
Speeches
302,979
Words Spoken
89
Sittings Active
19 May 2023 House of Assembly
Official Hansard Report - House Of Assembly
52 words
Thank you. I note in the Minister’s Statement on page 3, he refers to total business registrations increased 0.8 per cent year -over-year, bringing the complete business register to 16,103. He further notes 132 new businesses registered. What is the source of this information? Is he referring to the Registrar of Companies?
19 May 2023 House of Assembly
Official Hansard Report - House Of Assembly
59 words
Thank you, Mr. Speaker, and thank the Honourable Minister. Obviously, the Registrar of Companies registers incorporated bodies. So not all incorporated bodies in that number 16,000 . . . would it in fact be businesses? Is the Honourable Minister able to clarify what of these 16,000 or 132 are actual businesses versus other structures such as asset -holding companies?
19 May 2023 House of Assembly
Official Hansard Report - House Of Assembly
12 words
If the Honourable Minister could repeat the third number that he said?
19 May 2023 House of Assembly
Official Hansard Report - House Of Assembly
14 words
Sorry. A clarification, Mr. Speaker. He said 46 local, 72 exempt . . .
19 May 2023 House of Assembly
Official Hansard Report - House Of Assembly
55 words
A supplemental. So for example, local c ompanies can be used to house assets like houses and things like. Exempt companies, the same thing. So my question is a repeat: Of the 132, how many of these are actual businesses? Hon. Jason Hayward: Mr. Speaker, they are all actual businesses which are registered in Bermuda.
19 May 2023 House of Assembly
Official Hansard Report - House Of Assembly
14 words
No, that is fine. That is fantastic. Thank you, Mr. Speaker. My third question?
19 May 2023 House of Assembly
Official Hansard Report - House Of Assembly
34 words
In the Minister’s Statement on page 4, he refers to the economic development strategy. Could he explain the difference between the economic development strategy and the currently published and in- operation economic recovery plan?
19 May 2023 House of Assembly
Official Hansard Report - House Of Assembly
9 words
None. Thank you, Mr. Speaker. Thank you, Honourable Minister.
19 May 2023 House of Assembly
Official Hansard Report - House Of Assembly
662 words
Thank you, Mr. Speaker. And we equally thank everyone who has worked on this Bill and bringing it to this Honourable House. Mr. Speaker, this Bill actually plays a key role in maintaining our high levels of compliance with international norms as well as maintaining a first -in-class regulatory profile globally. It does not escape anyone’s notice that insurance is …
19 May 2023 House of Assembly
Official Hansard Report - House Of Assembly
369 words
Yes, thank you, Mr. Speaker. And I thank the Honourable Premier for bringing this legislation to the House and of course the work of the Bermuda Monetary Authority and other technical officers in ensuring that we have robust regulation. Mr. Speaker, it goes really without saying that we in the Opposition support regulation, regulators, and regulations in this specific way …
19 May 2023 House of Assembly
Official Hansard Report - House Of Assembly
333 words
Thank you. I was just waiting for the air conditioner to finish its protest. Yes, so . . . sorry, Mr. Speaker. Living wills and recovery plans, I mean, these are things that we need to do to protect not just Bermuda and Bermuda’s reputation, but also the consumers of these digital services. Bermuda is a very consistent business to …
19 May 2023 House of Assembly
Official Hansard Report - House Of Assembly
879 words
—other financial services companies. So to that end, we are breaking it up because some of these definitions for digital asset businesses, need to be very clearly defined. In fact, the Honourable Premier mentioned that we will then be able to develop very specific guidelines, specific to each type of digital asset business in Bermuda. I think that this is …
19 May 2023 House of Assembly
Official Hansard Report - House Of Assembly
39 words
Thank you, Mr. Chairman. I would thank t he Honourable Premier. I have a question relating to clause 2[(c)], amending section 2(1) by deleting . . . and repealing [paragraphs] (e) and (f) in the primary Act. [Inaudible interjections]
19 May 2023 House of Assembly
Official Hansard Report - House Of Assembly
10 words
This is clause 2[(c)], amending sect ion 2(1). [Inaudible interjections]
19 May 2023 House of Assembly
Official Hansard Report - House Of Assembly
120 words
This is the paragraph starting “in the definition of “digital asset” by deleting . . . . I believe the intention here is to delete these references and, Mr. Chairman, just for the record, thes e are exemptions (as it were) from what is digital asset business and includes steward value cards (for example) and end game credits, things like …
19 May 2023 House of Assembly
Official Hansard Report - House Of Assembly
154 words
Yes, thank you, Mr. Chairman. I would further ask the Honourable Premier as it relates to the Bill in clause 3, which would be amend-ing section 4 of the principal Act by repealing subsection (5), and I will just read that out. Section 4(5) says: “This Act shall not apply to any entity owned by the Bermuda Government.” So, since …
19 May 2023 House of Assembly
Official Hansard Report - House Of Assembly
154 words
Yes, thank you, Mr. Chairman. I rise to speak to the same clause, clause 7, as it relates to conditions. This Honourable House might not be aware but oftentimes as the application makes its way through the various departments and professionals with the Bermuda Monetary Authority, i t can be quite an involving and lengthy process which is good, because …
5 May 2023 House of Assembly
Official Hansard Report - House of Assembly
2 words
Yes, sir.
5 May 2023 House of Assembly
Official Hansard Report - House of Assembly
274 words
Mr. Speaker, to Members present and those in the listening audience, I want to do two positives. The first one might seem a bit strange, but it is a positive. And that is to recognise the life of Ms. Sheila Yvonne Simons -Johnson. To me she was my primary school principal. And it was interesting because we went East End …
5 May 2023 House of Assembly
Official Hansard Report - House of Assembly
9 words
Secondarily, Mr. Speaker, I want to commend the children—