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Jan 16, 2025 | 
mondaq.com | Chris Newton |Ruairi Bourke |Amel Wehden |Philip Ireland
MG Maples Group More The Maples Group is a leading service provider offering clients a comprehensive range of legal services on the laws of the British Virgin Islands, the Cayman Islands, Ireland, Jersey and Luxembourg, and is an independent provider of fiduciary, fund services, regulatory and compliance, and entity formation and management services.
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Jan 10, 2025 | 
mondaq.com | Chris Newton |Ruairi Bourke |Philip Ireland |Matthew Roberts
On 2 January 2025, amendments to the British VirginIslands ("BVI") Business Companies Act (As Revised) (the"BC Act") and the BVI Business Companies Regulations (AsRevised) (the "Regulations") came into force, along withnew BVI Business Companies and Limited Partnership (BeneficialOwnership) Regulations ("Beneficial OwnershipRegulations") (together the"Amendments").
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Dec 10, 2024 | 
mondaq.com | Ruairi Bourke |Matthew Gilbert |Joanna Russell
On 5 December 2024, the British Virgin Islands ("BVI")
gazetted the Virgin Islands Financial Services (Miscellaneous
Exemptions) (Amendment) Regulations 2024, effective retrospectively
from 15 October 2024. This amendment brings significant changes to
the MLRO requirements for various funds and investment
managers.
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Nov 29, 2024 | 
mondaq.com | Ruairi Bourke |Joanna Russell |Matthew Gilbert
On 15 October 2024, amendments to the Anti-Money Laundering
Regulations (As Revised) ("AML Regulations"), previously
published in the Gazette, came into force.
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Mar 25, 2024 | 
mondaq.com | Joanna Russell |Ruairi Bourke
The Investment Business (Approved Managers) Regulations (As
Revised) (the Approved Managers Regime) (as supplemented by the
Approved Investment Managers Guidelines (As Revised) issued by the
British Virgin Islands (BVI) Financial Services Commission (the
FSC) came into force in the BVI in 2012 and was designed to be a
regulatory ‘light' regime for qualifying investment
managers and advisers who are incorporated or formed in the BVI
(Approved Managers).
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Feb 27, 2024 | 
mondaq.com | Chris Newton |Ruairi Bourke |Philip Ireland |Ann Ng
31 March 2024 – COMPLIANCE REPORT For BVI investment business licence holders ("Licensees") for the reporting period ending 31 December 2023 31 March 2024 – INVESTMENT BUSINESS ANNUAL RETURN For Licensees for the reporting period ending 31 December 2023 31 March 2024 - ANTI-MONEY LAUNDERING / COUNTERING THE FINANCING OF TERRORISM RETURN For Licensees and Approved Managers for the reporting period ending 31 December 2023 30 June 2024 – AUDITED ACCOUNTS For private, professional, public,...
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Jan 31, 2024 | 
mondaq.com | Chris Newton |Ruairi Bourke |Christopher Capewell |Michelle Bailey
请点击此处阅读简体版本 請點擊此處閱讀繁體版本 From January 2024, all relevant entities with reporting obligations in relation to the United States ("US") Foreign Account Tax Compliance Act ("FATCA"), Organisation for Economic Co-operation and Development (the "OECD") Common Reporting Standards ("CRS") and Country by Country Reporting ("CbCr") (each as implemented in British Virgin Islands ("BVI") law) will have to pay an annual fee of US$185 to use the BVI Financial Accounting Reporting System ("BVIFARS") portal...
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Jan 10, 2024 | 
mondaq.com | Chris Newton |Ruairi Bourke |Amel Wehden |Philip Ireland
Approved Manager - Annual Return
BVI Approved Managers are required to file an annual return with
the BVI Financial Services Commission (the "Commission")
by 31 January 2024 in respect of the preceding
year pursuant to the Investment Business (Approved Managers)
Regulations.
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Sep 20, 2023 | 
mondaq.com | Richard May |Chris Newton |Ruairi Bourke |Ann Ng
On 1 January 2023 the British Virgin Islands ("BVI")
Business Companies Act (As Revised) ("BC Act") was
updated. BVI companies now have to file a new annual return with
their registered agent setting out certain financial information,
unless they are exempt. The annual return has to be filed within
nine months of the calendar year end or at the end of the
company's financial year, if different.
