Industry Update

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Tortola, British Virgin Islands – 16 March, 2018 – The Financial Services Commission wishes to remind Insurance professionals and the general public of important requirements governing loss adjusters.  Section 9(6) of Financial Services (Continuity of Business) Act, 2017 (the “Continuity of Business Act”) provides for the registration of Loss Adjusters to assess insurance claims resulting from Hurricanes Irma and Maria

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Tortola, British Virgin Islands – 14 March, 2018 – Following the recent enactment of the new Limited Partnership Act, 2017, industry practitioners are asked to take note of some new processes and requirements.  
 

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13
Meet The Regulator Forum - Wednesday, April 11, 2018

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21

Practitioners are reminded that the BVI Business Companies (Amendment of Schedules) Order, 2017 takes effect on 1 January, 2018. The Order among other things increases the new registration fees for BVI business companies and the annual renewal fees for existing BVI business companies. The new fees take effect on 1 January, 2018.

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14
The Frequently Asked Questions on the Financial Services (Continuity of Business) Act, 2017 (“the FAQs”) seek to answer questions licensee...

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07
New features launched in VIRRGIN On December 9 the following VIRRGIN features will be launched: ·       Amendme...

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06
For Register of Director filings that would have been due between 6 September and 15 October, 2017, Registered Agents are strongly encouraged to complete the outstanding filings now to avoid penalties. Penalties will be levied beginning 1 December, 2017.

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The BVI Financial Services Commission announces the beta availability of e-Certificates, effective 1 November, 2017. During beta testing, an e-Certificate will be provided as the default document on the completion of the following transactions: Incorporation, Continuation, Consolidation, Registration of Foreign Company, Change of Name, and Registration, Variation and Cessation of Charge. Where a traditional (hard copy) Certificate is required, the user should indicate in VIRRGIN.

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12

The British Virgin Islands Financial Services Commission (“FSC”) is advising Industry Practitioners that the following persons are authorised to sign documents issued by the Registry of Corporate Affairs under the BVI Business Companies Act, 2004 and the Partnership Act, 1996:

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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