ARTICLE · 08 JANUARY 2014

Guide To The British Virgin Islands Approved Manager Regime

Harneys

Explore more from Harneys

This guide provides an overview of the British Virgin Islands’ Approved Manager regime.

British Virgin IslandsWealth Management

Timothy Bridges

Author LinkedIn connections

This guide provides an overview of the British Virgin Islands' Approved Manager regime. The regime came into effect on 10 December 2012 with the Investment Business (Approved Managers) Regulations, 2012 (the "Regulations") and Approved Investment Managers Guidelines (the "Guidelines") coming into force and was supplemented by the Investment Business (Approved Managers) (Amendment) Regulations, 2013. It introduces a less onerous regulatory regime for BVI domiciled investment managers and investment advisers and compliments the more heavily regulated investment business licensing regime under Part I of the Securities and Investment Business Act 2010 ("SIBA").

The key features of the new regime are:

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

BVI Corporate Review – Q2 2026

British Virgin IslandsWealth Management

Strong First Quarter Results For The BVI Financial Services Sector

British Virgin IslandsWealth Management

BVI Private Wealth Solutions For Latin American High-net-worth Families

British Virgin IslandsWealth Management

Managing The Property And Affairs Of Incapacitated Persons In The British Virgin Islands

British Virgin IslandsWealth Management

British Virgin Islands: Special Purpose Vehicles For Luxury Assets

European UnionWealth Management

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

Read more about

See more popular content from

Wealth ManagementHarneys

Guiding You Through Sham Trusts

At a time when trusts are coming increasingly under attack, it is quite common for the validity of a trust to be questioned on the basis that the instrument creating it is a sham document or fails to fulfil the requirements for the creation of a valid trust.

British Virgin IslandsWealth Management

Comparison Of Trusts In The British Virgin Islands, The Cayman Islands And Jersey

The decision as to where to establish an offshore trust can only be made based on the specific requirements of the client.

British Virgin IslandsWealth Management

A Guide To Trust Law In The British Virgin Islands

British Virgin IslandsWealth Management

BVI Corporate Review – Q2 2026

The British Virgin Islands has reported its strongest first quarter for new company incorporations since 2022, with 7,671 new entities formed in Q1 2026. This represents a 10% increase year-over-year and brings the total number of active companies to 362,165, while the investment funds sector maintains 2,242 registered funds.

British Virgin IslandsWealth Management

BVI: New Registry fees For BVI Business Companies

The Government of the British Virgin Islands gazetted the BVI Business Companies Act (Amendment of Schedule 1)(No. 3) Order, 2016 on 20 December 2016 concerning new Registry fees to be charged to BVI Business Companies.

British Virgin IslandsWealth Management

The BVI's New Non-Profit Organisation Registration Regime

The Non-Profit Organisation Act, 2012 (the "Act") came into force on 1 January 2013 and introduces a registration and compliance regime for non-profit organisations operating in the British Virgin Islands.

British Virgin IslandsWealth Management

The BVI Courts Appoint A Receiver To Take Control Of A PRC Judgment Debtor's Assets

A recent decision in the British Virgin Islands ("BVI"), BVIHC (Com) 0032 of 2018, is notable as being the first case of which we are aware where the BVI Court

British Virgin IslandsWealth Management

British Virgin Islands: Special Purpose Vehicles For Luxury Assets

For family offices, high-net-worth individuals (HNWI) and ultra-high-net-worth individuals (UHNWI) considering the purchase of luxury assets (in particular yachts...

European UnionWealth Management

'Chabra' Relief In The BVI – Freezing The Assets Of A Person Who Is Not A Substantive Defendant

A Chabra injunction is a powerful weapon which can substantially enhance the scope of assets which a claimant can ring-fence. Here, Carey Olsen's Jeremy Lightfoot, Richard Brown and Catie Wang...

British Virgin IslandsWealth Management

BVI Private Wealth Solutions For Latin American High-net-worth Families

The British Virgin Islands has emerged as a premier offshore jurisdiction for Latin American high-net-worth families seeking sophisticated wealth preservation and succession planning solutions.

British Virgin IslandsWealth Management

Bermuda Monetary Authority Updates: Key Regulatory Guidelines And Requirements Released

On 2 December 2024, the Bermuda Monetary Authority (BMA) released several key documents to guide insurance entities in their year-end reporting and compliance obligations.

BermudaInsurance

BVI Adopts Guidelines For Communication And Cooperation Between Courts

The BVI today adopted new guidelines for communication and cooperation between courts in cross-border insolvency matters.

British Virgin IslandsInsolvency/Bankruptcy/Re-Structuring

A Guide To Trust Law In The British Virgin Islands

British Virgin IslandsWealth Management

A Guide to Partnership Law

British Virgin IslandsEnvironment

Guide To The Russian Deoffshorization Law

Federal Law No 376-FZ introduces significant changes to the rules governing the reporting and taxation of participation interests by Russian tax residents in controlled foreign companies.

The EU AI Act: Preparing For AI Literacy Requirements And The Ban On Prohibited AI Practices From February 2025

Provisions on AI literacy and prohibited systems apply as of 2 February 2025 under the EU AI Act, which came into force on 1 August 2024.

European UnionTechnology

EU AI Act Approved By Member States

On 2 February 2024, the EU's Artificial Intelligence Act was unanimously approved by the Council of EU Ministers.

European UnionTechnology

Commission Updates FAQs On EU Sanctions Compliance By Non-EU Entities: The "Best Efforts" Obligation Under The EU Regulation 833/2014

On 22 November 2024, the European Commission updated its frequently asked questions on sanctions against Russia and Belarus (the FAQs).

European UnionInternational Law

The Introduction Of The Consent Regime Into The Cayman Islands Proceeds Of Crime Act (Revised)

The Proceeds of Crime Act (Revised) (POCA) was amended by the Proceeds of Crime (Amendment) Act 2023 (Act 12 of 2023) (the Amendment) and was published in the Cayman Islands Gazette No, 32 on 6 October 2023.

British Virgin IslandsCriminal Law

Walking The Tightrope - Illegally Obtained Evidence, Privilege And The Iniquity Exception

In two recent cases, the British Virgin Islands Commercial Court had the opportunity to clarify the effect of section 125 of the Evidence Act 2006.

British Virgin IslandsLitigation, Mediation & Arbitration