Mondaq Offshore - British Virgin Islands: Finance and Banking
Walkers
An amendment to the existing BVI CRS legislation has been published which introduces new requirements to the existing CRS regime.
Conyers Dill & Pearman
This has been attractive amid the general global trend for increased compliance costs and more onerous regulation.
Appleby
"Fintech is the future", said Mr Carson Wen (Mr Wen), the Chairman and founder of Bank of Asia (BVI) Limited (Bank of Asia).
Maples and Calder
The SIBA, 2010, as amended ("SIBA") and its subsidiary legislation, including the Securities and Investment Business Regulations, 2015, provides for the regulation of open-ended mutual funds, among other matters.
Maples and Calder
Pursuant to the Securities and Investment Business Act, 2010 and the Mutual Funds Regulations, 2010, all BVI private, professional and public funds and all BVI investment business licence holders...
Harneys
The Cayman Islands have recently amended the beneficial ownership register regime for Cayman Islands companies and LLCs1, refining the regime that was introduced in July 2017 (as detailed in our earlier alert).
Collas Crill
In the British Virgin Islands, investment funds are regulated by the BVI Financial Services Commission under the BVI Securities and Investment Business Act, 2010 and the Mutual Fund Regulations, 2010.
Maples and Calder
The ITA has also updated the BVIFARS User Guide in relation to CRS submissions and a copy of the updated User Guide...
Maples and Calder
During the past year we have seen that the British Virgin Islands ("BVI") Financial Services Commission (the "Commission") has become increasingly strict with payment and filing deadline...
Maples and Calder
The Government of the British Virgin Islands ("BVI") has recently announced an extension to the deadlines for the notification and reporting obligations under the Common Reporting Standard ("CRS").
Harneys
The BVI is recognised globally as a leading funds jurisdiction. It has built up this reputation over the course of many successful decades, based upon the essential building blocks of being tax neutral...
Harneys
The BVI is expected to undergo its fourth round of mutual evaluation by the Caribbean Financial Action Task Force (CFATF) in 2018 based on the Financial Action Task Force's (FATF) international standards on combating money laundering and the financing of terrorism and proliferation.
Harneys
The Financial Services Commission Act 2001 was amended by the Financial Services Commission (Amendment) Act 2017 (the Amendment) on 1 May 2017.
Walkers
The object of this memorandum is to provide clients of Walkers with information on the formation and operation of an international limited partnership in the British Virgin Islands.
Walkers
The Financial Services Commission of the British Virgin Islands announced on 20 March 2017 that it has made an enhancement to its Virtual Integrated Registry and Regulatory General Information Network.
Harneys
On 16 November 2016, the BVI Financial Investigation Agency (FIA) issued Statutory Instrument 69 of 2016 entitled "The Direction Given by the Financial Investigation Agency (Revocation) Order 2016".
Harneys
Segregated Portfolio Companies (SPCs) are well recognised and widely used corporate vehicles, and the BVI is seeing increasing demand for them in the funds context.
Harneys
Note in particular that penalties frequently apply for late filings and so the registered office should be informed promptly of any notifiable changes to allow the appropriate filing/s to be made.
Conyers Dill & Pearman
We have prepared this Securities and Investment Business Act Compendium as a service to our clients. The principal statute is the Securities and Investment Business Act, 2010 as amended.
Harneys
This Article examines in summary whether EU-based subsidiaries of the sanctioned Russian state-owned entities listed in Council Regulation (EU) 833/2014 (Regulation 833)
Most Popular Recent Articles
Walkers
An amendment to the existing BVI CRS legislation has been published which introduces new requirements to the existing CRS regime.
Conyers Dill & Pearman
This has been attractive amid the general global trend for increased compliance costs and more onerous regulation.
Appleby
"Fintech is the future", said Mr Carson Wen (Mr Wen), the Chairman and founder of Bank of Asia (BVI) Limited (Bank of Asia).
Maples and Calder
Pursuant to the Securities and Investment Business Act, 2010 and the Mutual Funds Regulations, 2010, all BVI private, professional and public funds and all BVI investment business licence holders...
Maples and Calder
The SIBA, 2010, as amended ("SIBA") and its subsidiary legislation, including the Securities and Investment Business Regulations, 2015, provides for the regulation of open-ended mutual funds, among other matters.
Walkers
The Financial Services Commission of the British Virgin Islands announced on 20 March 2017 that it has made an enhancement to its Virtual Integrated Registry and Regulatory General Information Network.
Walkers
The object of this memorandum is to provide clients of Walkers with information on the formation and operation of an international limited partnership in the British Virgin Islands.
Collas Crill
In the British Virgin Islands, investment funds are regulated by the BVI Financial Services Commission under the BVI Securities and Investment Business Act, 2010 and the Mutual Fund Regulations, 2010.
Maples and Calder
During the past year we have seen that the British Virgin Islands ("BVI") Financial Services Commission (the "Commission") has become increasingly strict with payment and filing deadline...
Harneys
This Article examines in summary whether EU-based subsidiaries of the sanctioned Russian state-owned entities listed in Council Regulation (EU) 833/2014 (Regulation 833)
Harneys
The Cayman Islands have recently amended the beneficial ownership register regime for Cayman Islands companies and LLCs1, refining the regime that was introduced in July 2017 (as detailed in our earlier alert).
Maples and Calder
The ITA has also updated the BVIFARS User Guide in relation to CRS submissions and a copy of the updated User Guide...
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