Regulatory AlertsMutual Funds Regulations (Revised 2020)
Issued by the British Virgin Islands Financial Services Commission, these Regulations establish comprehensive regulatory frameworks for private, professional, and public mutual funds operating under the Securities and Investment Business Act. The rules mandate specific governance structures, including minimum director counts and functional independence for managers, administrators, and custodians, while introducing flexible exemption pathways and standardized valuation policies. They further prescribe rigorous financial reporting, internationally recognized audit standards, and strict prospectus disclosure requirements to ensure investor protection and regulatory compliance across all fund classifications.
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