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ARTICLE · 18 JULY 2017

BVI Fund Overview

Collas Crill
Collas Crill
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Collas Crill

Collas Crill

Firm Details: Chief Executive Officer: Jason Romer Managing Partners: Bermuda: Lilla Zuill, BVI:...

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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.

British Virgin IslandsFinance and Banking
Collas Crill
Collas Crill
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In the British Virgin Islands, investment funds are regulated by the BVI Financial Services Commission (FSC) under the BVI Securities and Investment Business Act, 2010 (SIBA) and the Mutual Fund Regulations, 2010.

SIBA defines a fund as any company, partnership or unit trust which:

  • collects and pools funds for the purpose of collective investment; and
  • issues shares (or similar interests) that entitle the holder to receive on demand or within a specified period after demand an amount computed by reference to the value of a proportionate interest in the whole or part of the net assets of the company, partnership or unit trust.

The above definition is inclusive and as a result closed-ended funds are outside the scope of regulation because the investors do not have the right to demand a redemption of their interest.

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