Incubator And Approved Funds Now Available In The BVI

Introduction

Two new fund products have been added in the British Virgin Islands under the Securities and Investment Business (Incubator and Approved Funds) Regulations, 2015 (the "Regulations"); the incubator fund and the approved fund. Following the success of the Approved Managers regime introduced in 2012, there was a general view amongst local practitioners that the funds offering could be further improved with new products that would complement the Approved Managers and overall funds regime in the BVI and be attractive to start up and emerging managers. The Regulations enable incubator and approved funds to be set up and launched on a fast track, cost effective basis with minimal regulatory oversight by the BVI Financial Services Commission (the "Commission").