Comparative Guides

Welcome to Mondaq Comparative Guides - your comparative global Q&A guide.

Our Comparative Guides provide an overview of some of the key points of law and practice and allow you to compare regulatory environments and laws across multiple jurisdictions.

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4. Results: Answers
Alternative Investment Funds
9.
Trends and predictions
9.1
How would you describe the alternative investment fund landscape and prevailing trends in your
British Virgin Islands

Answer ... The British Virgin Islands has recently introduced a number of significant amendments to the legislation and regulation affecting investment funds, largely in response to the EU recommendations on the oversight of investment funds. It has managed to strike the difficult balance between keeping pace with international regulatory standards and implementing proportionate regulation which maintains flexibility and cost efficiency, and continues to be attractive to emerging and smaller fund managers.

For more information about this answer please contact: Ian Montgomery from Collas Crill
9.2
Are any new legal or regulatory developments anticipated which will impact on alternative investment funds or alternative investment fund managers in your jurisdiction?
British Virgin Islands

Answer ... While there have been significant developments recently with the amendments to Securities and Investment Business Act and the Mutual Fund Regulations, the adoption of the Private Investment Fund Regulations and the amendments to the Incubator and Approved Fund Regulations, it is unlikely that the BVI funds regime will stay static. The international regulatory standards for investment funds are moving quickly and the British Virgin Islands will continue to respond rapidly to maintain its position as the second largest jurisdiction for regulated investment funds globally. This will undoubtedly mean that more change is to come.

For more information about this answer please contact: Ian Montgomery from Collas Crill
9.3
Do you envisage any particular industry strategy of attracting particular interest in the next 12 months?
British Virgin Islands

Answer ... The British Virgin Islands has been careful to ensure that it keeps its focus on the emerging manager and the recent changes to the funds regime will have secured its position as the home of the emerging manager. We expect to see this generating a lot of activity.

For more information about this answer please contact: Ian Montgomery from Collas Crill
Contributors
Topic
Alternative Investment Funds