Annual Return
The Investment Business (Approved Managers) Regulations, 2012 (the
"Regulations") provides a regulatory 'light'
regime for qualifying managers in the British Virgin Islands
("BVI Approved Managers").
BVI Approved Managers are reminded of the requirement to file an
annual return with the BVI Financial Services Commission (the
"Commission") by 31 January
2021 in respect of the preceding year pursuant to the
Regulations.
The annual return should be in a prescribed form confirming:
(a) compliance with the requirements of the
Regulations;
(b) that each director, senior officer and
shareholder with a significant interest is fit and proper; and
(c) details of (i) entities to which the BVI
Approved Manager provides services; (ii) the assets under
management for such entities; (iii) the number of investors for
such entities; and (iv) whether the BVI Approved Manager has
received any significant complaints.
