Log in or register
Share on LinkedInShare on LinkedIn

ARTICLE · 28 FEBRUARY 2014

BVI Regulatory Update - February 2014

Appleby
Appleby
Contributor
Appleby

Appleby

Appleby is a leading offshore law firm. The team of legal specialists advise global public and...

View firm profile
Explore more from Appleby

Appleby has successfully assisted online forex trader, FIBO Group Ltd, in obtaining an investment business licence from the BVI Financial Services Commission to deal and arrange deals in investments under the Securities and Investment Business Act (SIBA).

British Virgin IslandsWealth Management
Appleby Global
Appleby Global
Author LinkedIn connections

Broker/Dealer 

Appleby has successfully assisted online forex trader, FIBO Group Ltd, in obtaining an investment business licence from the BVI Financial Services Commission to deal and arrange deals in investments under the Securities and Investment Business Act (SIBA). This licence allows for the provision of online foreign exchange trading services by a BVI company in Cyprus and Russia and is one of only a handful of broker/dealer licences that have been granted in the jurisdiction since the introduction of SIBA in 2010. Despite this, the level of interest in BVI broker and dealer licensing options in particular has been very high.

A source of many inquiries is Cyprus, which has historically been a portal for Russian capital and the traditional corporate structures using combinations of BVI and Cypriot entities to service the Russian and CIS markets. There is also interest from the US as already regulated brokers and dealers there look towards the BVI to cater

We operate a free-to-view policy, asking only that you register in order to read all of our content. Please login or register to view the rest of this article.

Register for freeORLog in

Related Articles

Legal Intelligence Newsletters: sign up for the latest legal and regulatory news on your chosen topics

Read more about

See more popular content from

Article

BMA Sets Out Phased Path To A Bermuda Insurance Resolution Regime

The Bermuda Monetary Authority has published a consultation paper outlining the first phase of a resolution regime for the commercial insurance sector, designed to align with international standards. The framework establishes the BMA as the Resolution Authority with five core objectives and defines which insurers will fall within scope. This phased approach raises important questions about governance, recovery planning, and the practical implications for domestic insurers and Internationally Active Insuranc
BermudaInsurance
Appleby
Appleby
Article

The Long Game: How Bermuda Became The World’s Life Reinsurance Capital

Bermuda has emerged as the dominant global hub for life and annuity reinsurance, now holding over $900 billion in US life and annuity liabilities and accounting for 84% of all US reserves ceded offshore. This analysis examines how the island's sophisticated regulatory framework, purpose-built infrastructure, and commercially engaged regulator have created a structural advantage that extends beyond its traditional catastrophe reinsurance roots into long-dated life business from the US, UK, and Asia.
BermudaInsurance
Appleby
Appleby