The BVI Financial Services Commission (FSC) has introduced new
annual return reporting requirements for certain categories of
licensees, including trust companies, investment managers/
investment advisors and fund administrators.
Following the recent introduction of the Financial Services
(Prudential and Statistical Returns) (Amendment) Order, 2021,
licensees caught by these new regulatory requirements are now
required to prepare and submit an annual return (a Fiduciary
Services Annual Return for fiduciary services companies and an
Investment Business Annual Return for investment business
licensees), together with an Anti-Money Laundering and Countering
the Financing of Terrorism (AML/CFT) Return (the AML/CFT
Return).
