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BVI Extends Mutual Fund Law Transition 24/08/2010

The British Virgin Islands Financial Services Commission (FSC) has announced an extension to the transitional dates given for relevant BVI companies to introduce frameworks to comply with recently-introduced legislation, the Securities and Investment Business Act (SIBA), 2010, and the Mutual Funds Regulations, 2010. Originally an August and October deadline were given for conformity with the SIBA, and the same August date for the implementation of frameworks to comply with the Regulations. But FSC has amended these dates to one date, December 31, 2010.
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