a multi-jurisdictional group of companies, providing investment fund formation, administration & valuation services.
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LATEST COMPANY NEWS

MAY
18

BVI introduces SIBA

The long awaited BVI Securities and Investment Business Act, 2010 ("SIBA") has been introduced yesterday. Although passed by the BVI House of Assembly during the week commencing 12 April, SIBA was up until yesterday not yet in force. In summary, SIBA provides for:

• Repeal of the Mutual Funds Act, 1996 and replacement with Part III of SIBAalong with secondary legislation.

• A new investment business licensing regime to regulate investment advisors, broker-dealers, market makers, custodians and operators of investment exchanges.

• Restrictions on, and regulation of, public securities in a non-mutual funds context.

• Introduction of a market abuse regime which provides for ...

FEB
10

BVI Hedge Fund Services

Hedgeweek Special Report

Like other offshore centres for the domicile and servicing of alternative funds, the British Virgin Islands have suffered amid the industry downturn that accompanied the market turbulence of the past couple of years. However, the islands’ international law firms report that the restructuring of existing funds caught with illiquid assets is now complete and service providers are experiencing a surge of demand as existing and new managers prepare to launch funds.

Meanwhile, the BVI’s long-awaited Securities and Investment Business Act, which will bring regulatory rules into line with existing best practice, is scheduled to be enacted ...

FEB
1

British Virgin Islands New Regulatory Legislation

New legislative provisions will come into effect shortly in the British Virgin Islands relating to financial services, insurance business and financing and money services.

These provisions will provide for an enhanced platform in these areas of the financial services industry of the BVI, once again demonstrating the continual commitment of the BVI to ensuring its legislation provides for first class transparent regulation which is appropriate for the BVI as an OECD white listed jurisdiction.

If you would like a copy please email Derek Adler

 

 

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