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BVI Securities and Investment Business Act, 2010

June 2010 - EU & Competition. Legal Developments by Ogier .

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Following the completion of an industry consultation, the British Virgin Islands (‚ÄėBVI‚ÄĚ) has enacted the Securities and Investment Business Act, 2010 (‚ÄúSIBA‚ÄĚ). The enactment of SIBA represents an extremely important step for the continued development of the financial services sector within the BVI, providing the jurisdiction with a further modern and user friendly statute, in tune with the current regulatory environment, which will complement the BVI Business Companies Act, 2004 and the Insolvency Act, 2003.

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