Regulatory Alerts2018-02-08
Segregated Portfolio Companies (BVI Business Company) Regulations, 2018
The Cabinet of the Virgin Islands issued these regulations to establish the legal framework for incorporating and operating BVI business companies with segregated portfolios under the BVI Business Companies Act, 2004. The rules mandate specific application procedures, solvency declarations, and reporting obligations to the Financial Services Commission for creating, managing, terminating, or reinstating segregated portfolios. Additionally, the regulations define permissible uses for such portfolios, financial statement requirements, and a schedule of associated fees and administrative penalties for non-compliance.
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