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ARTICLE · 13 JANUARY 2016

BVI Update: Important Changes To BVI Legislation

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Further to our previous updates regarding changes to the legislation of the British Virgin Islands (BVI), the relevant anticipated legislation has now been published.

Hong KongGovernment, Public Sector
OIL Offshore Incorporations
OIL Offshore Incorporations

Further to our previous updates regarding changes to the legislation of the British Virgin Islands (BVI), the relevant anticipated legislation has now been published.  

The BVI Business Companies (Amendment) Act, 2015 (the "Amendment Act"), which includes new requirements for the filing of director information with the BVI Registry, among other changes, was published on 31 December 2015.  The Amendment Act will come into force on 15 January 2016, but sections 27 and 28 (which include the provisions on the Registers of Directors) will come into force on 1 April 2016.

The amendments to the Anti-Money Laundering Code of Practice and Regulations, which deal with changes to the Eligible Introducer Regime, came into force on 1 January 2016.

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