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BVI FSC Announces new transition dates for Investment Business Legislation

Tortola, British Virgin Islands - 29 July, 2010 - The birtish Virigin Islands financial Services Commission (FSC) today announced an extension to the trasition dates under the new Securities and Investment Business Act, 2010 ("SIBA") and Mutual Funds Regulations, 2010 (the "Regulations").

Through the Securities and Investment Business (Amendment of Schedule 8) Order, 2010 and the Mutual Funds (Amendment) Regulations, 2010, Cabinet of the Virgin islands recently amended the transitional provisions under SIBA and the Regulations.