The BVI has recently released several important regulatory
amendments to its financial services legislation which are
applicable to BVI funds and their advisors. This update
summarises the key changes.
Valuation of fund property
Each of the Mutual Funds Regulations, 2010 (the Mutual Funds
Regulations) and Securities and Investment Business (Incubator and
Approved Funds) Regulations, 2015 (the Incubator and Approved Funds
Regulations) have been amended in relation to the requirements for
the valuation of fund property through the enactment of the Mutual
Funds (Amendment) Regulations, 2019 and the Securities and
Investment Business (Incubator and Approved Funds) (Amendment)
Regulations, 2019 respectively.
