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ARTICLE · 15 MAY 2017

Continuing Obligations For British Virgin Islands Regulated Entities

Carey Olsen
Carey Olsen
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Carey Olsen

Carey Olsen

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SIBA and the Investment Business (Approved Managers) Regulations, 2012 set out a number of ongoing administrative requirements with which regulated entities in the British Virgin Islands must comply.

British Virgin IslandsCorporate/Commercial Law
Carey Olsen
Carey Olsen
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The Securities and Investment Business Act ("SIBA") and the Investment Business (Approved Managers) Regulations, 2012 (the "Approved Managers Regulations") set out a number of ongoing administrative requirements with which regulated entities in the British Virgin Islands (the "BVI") must comply.

Failure to comply with these obligations can result in fines being imposed against the regulated entity and/or the regulated entity's licence being revoked by the BVI Financial Services Commission (the "FSC"). This guide sets out the key continuing obligations under SIBA and the Approved Managers Regulations however is not intended to be exhaustive.

Please note that additional requirements apply to funds which are not covered by the scope of this guide. Please refer to our client guides "Continuing Obligations for BVI Private and Professional Funds" and "Continuing Obligations for BVI Public Funds" in this regard.

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