Mondaq All Regions - British Virgin Islands: Finance and Banking
Harneys
The Cayman Islands have recently amended the beneficial ownership register regime for Cayman Islands companies and LLCs1, refining the regime that was introduced in July 2017 (as detailed in our earlier alert).
Collas Crill
In the British Virgin Islands, investment funds are regulated by the BVI Financial Services Commission under the BVI Securities and Investment Business Act, 2010 and the Mutual Fund Regulations, 2010.
Maples and Calder
The ITA has also updated the BVIFARS User Guide in relation to CRS submissions and a copy of the updated User Guide...
Maples and Calder
During the past year we have seen that the British Virgin Islands ("BVI") Financial Services Commission (the "Commission") has become increasingly strict with payment and filing deadline...
Maples and Calder
The Government of the British Virgin Islands ("BVI") has recently announced an extension to the deadlines for the notification and reporting obligations under the Common Reporting Standard ("CRS").
Harneys
The BVI is recognised globally as a leading funds jurisdiction. It has built up this reputation over the course of many successful decades, based upon the essential building blocks of being tax neutral...
Harneys
The BVI is expected to undergo its fourth round of mutual evaluation by the Caribbean Financial Action Task Force (CFATF) in 2018 based on the Financial Action Task Force's (FATF) international standards on combating money laundering and the financing of terrorism and proliferation.
Harneys
The Financial Services Commission Act 2001 was amended by the Financial Services Commission (Amendment) Act 2017 (the Amendment) on 1 May 2017.
Walkers
The object of this memorandum is to provide clients of Walkers with information on the formation and operation of an international limited partnership in the British Virgin Islands.
Walkers
The Financial Services Commission of the British Virgin Islands announced on 20 March 2017 that it has made an enhancement to its Virtual Integrated Registry and Regulatory General Information Network.
Harneys
On 16 November 2016, the BVI Financial Investigation Agency (FIA) issued Statutory Instrument 69 of 2016 entitled "The Direction Given by the Financial Investigation Agency (Revocation) Order 2016".
Harneys
Segregated Portfolio Companies (SPCs) are well recognised and widely used corporate vehicles, and the BVI is seeing increasing demand for them in the funds context.
Harneys
Note in particular that penalties frequently apply for late filings and so the registered office should be informed promptly of any notifiable changes to allow the appropriate filing/s to be made.
Conyers Dill & Pearman
We have prepared this Securities and Investment Business Act Compendium as a service to our clients. The principal statute is the Securities and Investment Business Act, 2010 as amended.
Harneys
Cyprus can offer a solution to international firms and institutions seeking certainty over access to the EU Single Market.
Maples and Calder
The British Virgin Islands ("BVI") International Tax Authority ("ITA") has issued a set of guidance notes (the "CRS Guidance Notes") to assist in the interpretation of the OECD's Standard for Automatic Exchange of Financial Information in Tax Matters ...
Harneys
In an age of increasing transparency, it is vital that you use the incubation period to start preparing for a time when you will need to meet institutional-style demands in terms of your operations.
Harneys
This Article examines in summary whether EU-based subsidiaries of the sanctioned Russian state-owned entities listed in Council Regulation (EU) 833/2014 (Regulation 833)
Harneys
Private Equity Funds and Fund of Funds in China, also known as ‘Sunshine Funds', are growing rapidly. In this guest post, my colleague and Managing Partner of Harneys Shanghai Kristy Calvert explores the reasons behind this trend.
Harneys
Passporting is currently only available for EU Alternative Investment Funds (AIFs) managed by EU Alternative Investment Fund Managers (AIFMs).
Most Popular Recent Articles
Harneys
The BVI and Cayman are often referred to as "tax neutral" and you might have been told that, for this reason, it would be advantageous to establish your fund in either jurisdiction.
Collas Crill
In the British Virgin Islands, investment funds are regulated by the BVI Financial Services Commission under the BVI Securities and Investment Business Act, 2010 and the Mutual Fund Regulations, 2010.
Maples and Calder
During the past year we have seen that the British Virgin Islands ("BVI") Financial Services Commission (the "Commission") has become increasingly strict with payment and filing deadline...
Harneys
The European Union is never happier than when it is changing a sovereign country's laws for it.
Walkers
The object of this memorandum is to provide clients of Walkers with information on the formation and operation of an international limited partnership in the British Virgin Islands.
Harneys
The BVI Financial Services Commission (FSC) has issued the Regulatory Code (Recognised Exchanges) Notice, 2015 (the Notice) under powers set out in the Regulatory Code, 2009 (the Code). The Notice is effective as of 15 January 2016.
Walkers
Security over the shares of a BVI company will typically be either by way of mortgage (which may be legal, although usually equitable) or charge.
Harneys
Funds classified as Exempt Funds under the Investment Funds Act 2006 of Bermuda have until 3 October 2016 to be reclassified as Class A Exempt Funds or Class B Exempt Funds (the New Classes).
Maples and Calder
The Securities and Investment Business Act, 2010, as amended, and its subsidiary legislation, including the Securities and Investment Business (Incubator and Approved Funds) Regulations, 2015, provides for the regulation of open-ended mutual funds, among other matters.
Harneys
In an age of increasing transparency, it is vital that you use the incubation period to start preparing for a time when you will need to meet institutional-style demands in terms of your operations.
Harneys
The BVI is recognised globally as a leading funds jurisdiction. It has built up this reputation over the course of many successful decades, based upon the essential building blocks of being tax neutral...
Harneys
The BVI is expected to undergo its fourth round of mutual evaluation by the Caribbean Financial Action Task Force (CFATF) in 2018 based on the Financial Action Task Force's (FATF) international standards on combating money laundering and the financing of terrorism and proliferation.
Article Search Using Filters
Related Topics
Popular Authors
Popular Contributors
Up-coming Events Search
Tools
Font Size:
Translation
Channels
Mondaq on Twitter
Partners
In association with