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The Financial Services Commission recognizes that it is appropriate for some companies that act as trustee or provide other trust related services, particularly for a group of related family trusts, to be exempted from the licensing requirement under the Banks and Trust Companies Act, 1990
Section 228A of the BVI Business Companies Act provides for the establishment of the Company Law Review Advisory Committee which is chaired by the Managing Director of the Commission with representation from Government and the private sector.
