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18 December 2024

Meet The Regulator Forum: Key Updates For BVI Financial Services Sector

H
Harneys

Contributor

Harneys is a full-service offshore law firm offering expert legal advice on the laws of jurisdictions including the British Virgin Islands, Cayman Islands, Luxembourg, and more. Established in 1960, the firm has grown to 11 global locations with over 180 lawyers, serving top law firms, financial institutions, investment funds, and high-net-worth individuals. Harneys provides comprehensive legal support across transactional, contentious, and private client matters, often in collaboration with Harneys Fiduciary, which delivers corporate and wealth management services. Known for its role in shaping offshore jurisprudence, the firm also advises on legislative developments and excels in handling complex cross-border transactions and disputes.

The BVI Financial Services Commission (FSC) hosted its annual Meet the Regulator (MTR) Forum on 12 December 2024.
British Virgin Islands Finance and Banking

The BVI Financial Services Commission (FSC) hosted its annual Meet the Regulator (MTR) Forum on 12 December 2024.

This essential event is focussed on significant updates to the BVI Business Companies Act, Limited Partnership Act, and the beneficial ownership information filing process, providing crucial insights for financial services professionals.

Kenneth Baker, Managing Director and CEO of the FSC, emphasised the importance of this forum, stating:

"This MTR is a critical engagement with our stakeholders as we seek to explain the changes to our laws and regulations, and how the beneficial ownership regime will be implemented. We hope this will assist with timely and full compliance and help stakeholders to serve their clients more efficiently."

For more details, the official press release can be found here.

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

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