Enhancements to Maples and Calder's Authorised Representative Services

We are pleased to announce that, with effect from 1 March 2016, there will be enhancements made to our authorised representative services provided by Maples Authorised Representative Services (BVI) Limited ("MARS BVI").  These enhancements are designed to assist clients with the increasing formalisation of the role of the authorised representative in the British Virgin Islands ("BVI"). 

The concept of the authorised representative was first introduced in the Securities and Investment Business Act, 2010 which provides that all funds, managers and other licensees (each a "Regulated Entity") regulated by the BVI Financial Services Commission (the "Commission") and not having a physical presence in the BVI, are required to retain an authorised representative to act as the main intermediary between the Regulated Entity and the Commission.  In addition, in accordance with the Guidelines for Authorised Representatives issued by the Commission, authorised representatives