British Virgin Islands
The Mutual Funds Regulations, 2010 (the Mutual Funds Regulations) (the "Mutual Funds Regulations") and Securities and Investment Business (Incubator and Approved Funds)...
The BVI has recently released several important regulatory amendments to its financial services legislation which are applicable to BVI funds and their advisors.
Important filing deadlines as well as procedures for submission of information to the relevant authorities with regard to audited accounts, fund annual returns, record keeping, register of directors and AEOI.
Further to our previous updates, the BVI ITA, on 19 February 2019, published guidance notes on the CbCR requirements of entities that are resident in the BVI and updated guidance notes on the OECD's CRS.
Some welcome news that the BVI government has extended the CRS reporting deadline by several days to 1 September, 2017.
As a result of a tropical wave that affected the territory of the British Virgin Islands last
week, the Government of the BVI has now announced that the deadline for the submission of CRS reports...
All British Virgin Islands private, professional and public funds and all BVI investment business licence holders are required to audit their financial statements.
Smith-Hughes Raworth & McKenzie
The AMS Group