Regulatory AlertsPrivate Investment Funds Regulations (Revised 2020)
Issued by the British Virgin Islands Financial Services Commission, these Regulations establish the recognition framework and ongoing compliance requirements for private investment funds. Funds must maintain at least two directors, appoint a responsible person for property management and valuation, adhere to specified international accounting and auditing standards, and submit accurate offering documents or term sheets. The Regulations mandate timely notifications for personnel changes, policy updates, and financial statement submissions within six months of year-end, while granting the Commission authority to approve extensions under exceptional circumstances.
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