Regulatory Alerts2020-01-01
Added · Updated
Securities and Investment Business Regulations (Revised 2020)
The Financial Services Commission of the Virgin Islands establishes a streamlined approval framework enabling eligible BVI companies and limited partnerships to operate as approved investment managers without full licensing. Applicants must submit detailed applications, pay prescribed fees, and demonstrate fit-and-proper status before commencing operations to advise private, professional, or closed-ended funds. Approved managers remain subject to asset thresholds, compliance reporting, and annual renewal fees while retaining licensee-level regulatory oversight and enforcement powers.
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