British Virgin Islands: New Corporate Administration Certification Programme To Support British Virgin Islands Financial Services
Last Updated: 30 March 2006

Courses will offer BVI Islanders a new route to careers in financial services

28th Mar 2006: The British Virgin Islands branch (‘Group’) of the UK Institute of Chartered Secretaries and Administrators (ICSA) today announces the launch of the first ever on-island certification programme for corporate administration. The programme, working with the Financial Services Institute at H. Lavity Stoutt Community College (HLSCC), will offer both current and prospective ISCA members a course of lectures and examinations initially in the certificate areas of Offshore Business Environment and Trust and Company Principles.

The programme will be launched at HLSCC on Tuesday, April 4th at 5.30pm with registration ending on Wednesday April 12th and lectures commencing on Tuesday April 18th. Each course will consist of 10-12 weekly 1.5 hour lectures, with exams administered twice a year (February and July). The other two courses required to complete the ICSA Certificate level – Accounting Fundamentals and Investment – are scheduled to be offered in the Fall semester. It is also envisaged that the advanced ICSA Diploma and Professional-level courses will be offered through the programme in the near future.

Gareth Thomas, Founding Chairman of ICSA BVI and an Associate at Conyers Dill & Pearman, comments: "I am delighted that the ICSA Offshore Certificate will finally be available and taught locally here in the BVI. The ICSA has some 68,000 members and students in over 70 countries and is the pre-eminent qualification for both on and offshore corporation administration practitioners.

"There is a strategic fit between the programme and the BVI financial services industry and it has already become the industry standard in the BVI. The ICSA BVI has registered over 80 members in the last 12 months. Now students will benefit from on-island tuition, rather than relying on distance learning from abroad."

Diana Maduro, Senior Administrative Office at the Financial Services Institute, adds: "Naturally, the H. Lavity Stoutt Community College, via the Financial Services Institute, is excited at the opportunity to provide further relevant training to the BVI financial services industry. It is in keeping with the College’s mission to provide educational opportunities which lead to the improvement of the quality of life for the members of the community it serves, while linking the economic and human resource development needs of the Territory."

Humphry Leue, Chief Operating Officer at the BVI International Finance Centre, comments: "I would like to take the opportunity to thanks both Gareth Thomas and the Financial Services Institute for making this development possible. The programme will streamline the qualification process and enhance advancement opportunities for finance professionals in the Territory. The programme also creates a framework for BVI Islanders and residents not presently working in the sector to pursue a career in offshore finance."

Each course will cost approximately $100, payable to the College on registration. Each student (or their employers) will still be responsible for registering and paying the entrance exam fee for their subjects with the ICSA in the UK directly.

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