Form B-3 Notification of Resignation/Termination of Actuary, Auditor, Other Independent Officer

Summary

Form B-3 is a standard notification form used to inform the BVI Financial Services Commission when an actuary, auditor, or other independent officer of a regulated person has ceased to act in that role, whether through resignation or termination. It is filed under paragraph 22(b) of the relevant BVI regulatory framework governing regulated persons.

• Who completes it: The actuary, auditor, or other independent officer (or the regulated person on their behalf) who has ceased acting in that capacity for a named regulated person
• What it requires: A declaration of the effective date of cessation, whether it was due to resignation or termination, and a statement that the stated reasons or circumstances are a true reflection of events
• Supporting document: A copy of the actual resignation or termination letter must be submitted together with the completed form

The form itself does not specify a filing deadline; it is a notification mechanism rather than a standalone rule creating new ongoing duties beyond the notification itself.

Key obligations

• Notify the Commission when an actuary, auditor, or other independent officer of a regulated person ceases to act, using Form B-3
• Submit a copy of the resignation or termination letter together with the completed Form B-3
• State the effective date and reasons or circumstances of the resignation or termination on the form

Applies to

regulated persons, actuaries, auditors, other independent officers