Can an investment business licence be extended to include a different category of investment business or is a new application required?

Schedule 3 of SIBA lists the categories and sub-categories of investment business licences that may be issued by the Commission.  A single licence may be issued in one or more of the categories listed in Schedule 3.  Where a licence-holder wishes to extend the scope of its licence to provide services that fall under a new category of investment business, an application for the grant of a licence in the new category must be made.  Where the applicant satisfies the requirements for the grant of a licence, the existing licence may be amended to include the new category of investment business.  In order to facilitate the application for a licence in the new category of investment business, the Commission may waive the requirement to provide information and supporting documents that were submitted when the application for the existing licence was made.

Contact Information

British Virgin Islands Financial Services Commission

Pasea Estate
P.O. Box 418
Road Town, Tortola, VG 1110
British Virgin Islands

Tel: 284-494-1324 or 284-494-4190 GMT – 4:00
Fax: 284-494-5016
Hours: Monday-Friday 8:30a.m. - 4:30p.m.