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ARTICLE · 22 JULY 2025

Continuing Obligations For Private And Professional Funds In The BVI

Maples Group
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Key continuing obligations for private and professional funds ensure SIBA compliance, crucial for funds recognised by the BVI FSC.

British Virgin IslandsFinance and Banking
Ruairi Bourke
Ruairi Bourke
Amel Wehden
Amel Wehden
Joanna Russell
Joanna Russell
Andrew Wood
Andrew Wood
Michael Gagie
Michael Gagie
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Key continuing obligations for private and professional funds ensure SIBA compliance, crucial for funds recognised by the BVI FSC.

The British Virgin Islands ("BVI") is a prominent jurisdiction for private and professional funds, governed by the Securities and Investment Business Act ("SIBA"). Compliance with SIBA is crucial for funds recognised by the BVI Financial Services Commission (the "FSC").

The key continuing obligations for private and professional funds are:

  • Functionaries: Funds must appoint a manager, administrator, and custodian, with the custodian being functionally independent from the manager and administrator. Exemptions from appointing a manager and/or custodian can be applied for.

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