Functions

The FSC's Core Duties

  • Protect consumers by ensuring that all firms and individuals authorised to provide financial services in and from within the BVI are competent and financially sound;
  • Police the perimeter of regulated activities and instigate and pursue enforcement actions against any individual or business that violates BVI financial services laws;
  • Monitor and detect financial crime and assist in the prosecution of such crime;
  • Sustain domestic and international confidence in the BVI financial services industry and contribute to the industry’s growth and development;
  • Ensure a fit and proper regulatory environment in which financial institutions provide quality products and services for the economic benefit of the BVI;
  • Improve public understanding of the benefits and risks associated with financial products;
  • Consult with the industry and government on financial services legislation, regulations, supervisory policy and practices;
  • Provide a system of continuing education for financial service practitioners;
  • Monitor the effectiveness of financial services legislation;
  • Facilitate innovation in financial services; and
  • Take account of the international nature of financial regulation and the financial services business: this includes maintaining regular contact with foreign regulatory authorities.

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.
commissioner@bvifsc.vg