FSC

Statement of Guidance

66 published document(s) from British Virgin Islands Financial Services Commission.

CitationStatusSummary
Amendment of the BVI Financial Services Commission Guidelines for the Approved Persons Regime (2013-12-20)Status not confirmedThis is a short amendment to the BVI Financial Services Commission's Guidelines for the Approved Persons Regime (originally effective 2 March 2009), issue…
An Effective Approach to Ongoing MonitoringStatus not confirmedThis is joint AML/CFT/CPF guidance from the BVI Financial Services Commission (FSC) and the Financial Investigation Agency (FIA) explaining how licensees…
Anti-Money Laundering & Combatting Terrorist Financing Guidelines for the Banking SectorIn forceThese are FSC guidelines that supplement the BVI's AML/CFT legislative framework (the Proceeds of Criminal Conduct Act 1997, Anti-Money Laundering Regulat…
Authorised Custodians of Bearer Shares of BVI Incorporated Companies (Aide Memoire #3, May 2004)Status not confirmedThis BVI Financial Services Commission Aide Memoire (May 2004) sets out the criteria the Commission will use to approve firms as authorised custodians of…
BVI Business Companies (Amendment of Schedule 1) Order 2021 and Financial Services (Limited Partnership Fees) (Amendment) Regulations 2021 FAQsStatus not confirmedThis is a set of FAQs issued by the BVI Financial Services Commission explaining the practical effect of the BVI Business Companies (Amendment of Schedule…
BVI Business Companies Act User Guide No. 3 - The Memorandum and Articles of AssociationStatus not confirmedThis is User Guide No. 3 issued by the BVI Financial Services Commission's Registry of Corporate Affairs, explaining the memorandum and articles of associ…
BVI FSC Approved Managers (Amendment) Guidelines, 2014Status not confirmedThis instrument amends the BVI Financial Services Commission's Approved Managers Guidelines (originally issued November 2012). It updates wording in Parag…
BVI Handbook on International Co-operation and Information Exchange (Revised February 2025)In forceThis is an internal-facing guidance handbook, first issued in 2007 and now reissued in February 2025, that explains the British Virgin Islands' overall fr…
BVI Handbook on International Co-operation and Information Exchange (Revised June 2013)Status not confirmedThis is a guidance handbook, first published in 2007 and revised in June 2013, explaining the legal and institutional framework the British Virgin Islands…
BVIBCA Approved Forms and Related Guidelines (October 2012)Status not confirmedThis guidance, issued by the BVI Financial Services Commission under section 241 of the BVI Business Companies Act 2004, sets out rules for using the Comm…
BVIFSC Approved Forms and Related Guidelines (Consolidated February 2012)In forceThis is a consolidated guidance document issued by the BVI Financial Services Commission under section 41B of the Financial Services Commission Act, 2001,…
Beneficial Ownership Obligations Under the AML RegimeStatus not confirmedThis is guidance jointly issued by the BVI Financial Services Commission (FSC) and the Financial Investigation Agency (FIA) explaining how licensees under…
Company Names, User Guide No. 2Status not confirmedThis is Registry of Corporate Affairs User Guide No. 2, explaining how BVI Business Companies Act rules on company names work in practice. It covers namin…
Compliance Period Extended under Schedule in Anti-Money Laundering Regulations, 2008 – Guidance NotesStatus not confirmedThis guidance from the BVI Financial Services Commission explains how relevant persons under the Anti-Money Laundering Regulations, 2008 (AMLR) can apply…
Contactless Certificate Collection Guidelines (Hong Kong Office)Status not confirmedThis is a short operational guidance notice from the BVI Financial Services Commission's Hong Kong office setting out a contactless procedure for Register…
Corporate Compliance Function Services GuidanceStatus not confirmedThis guidance from the BVI Financial Services Commission explains the framework under section 34A of the Financial Services Commission Act, 2001 that allo…
Directors and Their Responsibilities, User Guide No. 4Status not confirmedThis is a BVI Financial Services Commission Registry of Corporate Affairs User Guide explaining the role and legal responsibilities of directors under the…
Effective Enhanced Customer Due Diligence MeasuresStatus not confirmedThis is joint guidance from the BVI Financial Services Commission (FSC) and the Financial Investigation Agency (FIA) explaining how licensees should condu…
Exemption Guidelines for Licensees in Run-off, Solvent Liquidation or Insolvent LiquidationIn forceThese are guidelines issued by the BVI Financial Services Commission allowing licensees that are in run-off, solvent liquidation or insolvent liquidation…
FAQs: Beneficial Ownership ImplementationStatus not confirmedThis is a Q&A style guidance document issued by the BVI Financial Services Commission explaining how the new BVI Business Companies and Limited Partnershi…
FATF Report: Virtual Currencies - Key Definitions and Potential AML/CFT Risks (June 2014)Status not confirmedThis is the FATF's 2014 typologies report on virtual currencies, made available by the BVI Financial Services Commission as background guidance material r…
FATF Updated Guidance for a Risk-Based Approach to Virtual Assets and Virtual Asset Service Providers (October 2021)Status not confirmedThis is the FATF's October 2021 Updated Guidance for a Risk-Based Approach to Virtual Assets (VAs) and Virtual Asset Service Providers (VASPs), made avail…
FSC Approved Forms and Related Guidelines (Amendment) 2014In forceThis instrument amends the BVI Financial Services Commission's Approved Forms and Related Guidelines (originally issued 30 March 2010), effective 15 June…
FSC Approved Investment Managers Guidelines (Consolidated 25 February 2014)Status not confirmedThese BVI Financial Services Commission guidelines explain the framework under the Investment Business (Approved Managers) Regulations, 2012 that lets cer…
FSC Guidelines for the Approved Persons Regime 2009 (2013 Consolidated)Status not confirmedThis is the BVI Financial Services Commission's consolidated guidance (originally 2009, amended through December 2013) on the Approved Persons Regime. It…
Financial Services Commission Approved Forms and Related GuidelinesStatus not confirmedThis guidance, issued by the BVI Financial Services Commission under section 41B of the Financial Services Commission Act, 2001, sets out the Commission's…
Fund Custodian and Manager Exemption Application GuidelinesStatus not confirmedThese BVI Financial Services Commission guidelines explain when a private, professional or public mutual fund may be exempted from the statutory requireme…
Fund Financials Guidelines 2019Status not confirmedThese Guidelines from the BVI Financial Services Commission set out how mutual funds and private investment funds may apply for exemptions and extensions…
Fund Safekeeping Arrangements Guidelines 2019In forceThese BVI Financial Services Commission guidelines explain what safekeeping arrangements the Commission expects private investment funds, incubator funds…
Guidance Notes on Mutual Fund Annual Returns (Mutual Funds Act, 1996)Status not confirmedThese guidance notes explain how to complete the Mutual Fund Annual Returns form required under the Mutual Funds Act, 1996. The form is a supervisory repo…
Guidance Notes on Revocation or Cancellation of Licences or Certificates of Regulated Persons, Including the Approval of Solvent Liquidation ProceduresStatus not confirmedThese Guidance Notes explain how the BVI Financial Services Commission exercises its powers to revoke or cancel the licence or certificate of a regulated…
Guidance Notes on the Prevention of Money Laundering (BVI)Status not confirmedThese Guidance Notes, issued by the Joint Anti-Money Laundering Coordinating Committee (JAMLACC), set out the British Virgin Islands anti-money laundering…
Guidance on Application for Registration of a Virtual Assets Service ProviderIn forceThis is FSC guidance explaining how to apply for registration as a Virtual Assets Service Provider (VASP) under the Virtual Assets Service Providers Act,…
Guidance on Applying for Approval to act as Registered Agent for Micro Business CompaniesStatus not confirmedThis guidance from the BVI Financial Services Commission sets out the process for licensees to obtain approval to act as Registered Agent for Micro Busine…
Guidance on Regulation of Virtual Assets in the Virgin Islands (BVI)Status not confirmedThis is guidance from the BVI Financial Services Commission explaining how existing financial services legislation (the Securities and Investment Business…
Guidelines and Operating Procedures of the LSC (Amendment) 2014Status not confirmedThis is an internal Financial Services Commission (FSC) document amending the Guidelines and Operating Procedures of the Licensing and Supervisory Committ…
Guidelines and Operating Procedures of the LSC (Amendment) 2015Status not confirmedThis is a short amendment to the Financial Services Commission's internal Guidelines and Operating Procedures of the Licensing and Supervisory Committee (…
Guidelines for Authorised Representatives Under the Securities and Investment Business Act (September 2013)Status not confirmedThese guidelines from the BVI Financial Services Commission set out the framework for persons certified to act as Authorised Representatives under section…
Guidelines for the Approved Persons Regime (2010 Revision)Status not confirmedThese are the BVI Financial Services Commission's Guidelines for the Approved Persons Regime, which set out the rules and procedures the Commission follow…
Guidelines for the Approved Persons Regime (Amended March 2010)Status not confirmedThese BVI Financial Services Commission Guidelines set out the process and criteria the Commission applies when regulated persons seek approval of senior…
Guidelines in Relation to the use of Restricted Company Names (October 2011)Status not confirmedThese BVI Financial Services Commission guidelines explain the rules restricting the use of certain names and words by companies and businesses registered…
Guidelines on Institutional Risk AssessmentsStatus not confirmedThis is guidance jointly issued by the BVI Financial Services Commission (FSC) and the Financial Investigation Agency (FIA) explaining how regulated entit…
Guidelines on the Filing of Beneficial Ownership Information Under the BO RegulationsStatus not confirmedThese are guidelines issued by the Registrar of Corporate Affairs of the BVI Financial Services Commission under Regulation 38 of the BVI Business Compani…
Incorporating a Company Limited by Shares, User Guide No. 1 (Rev 9/07)Status not confirmedThis is BVI Financial Services Commission guidance explaining the practical steps and legal requirements for incorporating a BVI Business Company limited…
Incubator and Approved Funds GuidelinesStatus not confirmedThese BVI Financial Services Commission Guidelines explain how open ended funds can qualify for the lighter touch incubator fund or approved fund regimes…
Insurance Guidelines (2016)Status not confirmedThese are the BVI Financial Services Commission's Insurance Guidelines, issued under the Insurance Act 2008 and Insurance Regulations 2009, which came int…
Insurance Guidelines 2016Status not confirmedThese Guidelines, issued by the BVI Financial Services Commission under the Insurance Act 2008 and Insurance Regulations 2009, explain how insurers, insur…
Mitigating Risks with Introduced Business RelationshipsStatus not confirmedThis is joint guidance issued by the BVI Financial Services Commission (FSC) and the Financial Investigation Agency (FIA) on managing money laundering, te…
Money Services Business GuidelinesStatus not confirmedThese are AML/CFT guidelines issued by the BVI Financial Services Commission for Money Services Businesses (MSBs), such as remittance and money transmissi…
Money Services Transaction Levy Payment GuidanceStatus not confirmedThis is guidance from the BVI Financial Services Commission explaining how Class A licensees under the Financing and Money Services Act, 2009 must calcula…
Practice Direction Number 1 of 2006In forceThis Practice Direction from the BVI Financial Services Commission clarifies three defined terms used in the Insurance (Amendment) Regulations, 2005, whic…
Practice Direction Number 2 of 2006Status not confirmedThis Practice Direction from the BVI Financial Services Commission sets out minimum expectations for how Captive Insurance Companies licensed under the In…
Practice Direction Number 3 of 2006In forceThis Practice Direction sets out the minimum books and records that Captive Insurance Companies and their Insurance Managers must maintain at the insurer'…
Private Investment Funds Regime Guidelines 2019Status not confirmedThese Guidelines from the BVI Financial Services Commission explain the Private Investment Funds Regime introduced by 2019 amendments to the Securities an…
Provisional Guidance Notes on Compliance RegimeStatus not confirmedThis is provisional guidance issued by the BVI Financial Services Commission setting out a framework for the appointment, status, duties and approval of C…
Provisional Guidance Notes on Compliance Regime (Overview)Status not confirmedThis is a provisional guidance notice from the BVI Financial Services Commission introducing an interim framework for the compliance regime, covering the…
Re-registration of Companies Act Companies Under the BVI Business Companies Act, User Guide No. 6 (Revised 01/09)Status not confirmedThis is User Guide No. 6 issued by the BVI Registry of Corporate Affairs, explaining how companies formed under the old Companies Act (called CapCos) are…
Revocation or Cancellation (including Solvent Liquidation) OverviewStatus not confirmedThis is a short overview document introducing the BVI Financial Services Commission's Guidance Notes on Revocation or Cancellation of Licences or Certific…
Segregated Portfolio Company (SPC) Non-regulated BVI Business Company Registration GuidanceStatus not confirmedThis guidance explains how existing BVI Business Companies (BVIBCs) that do not carry on regulated financial business can register as Segregated Portfolio…
Segregated Portfolio Company (SPC) Non-regulated BVI Business Company User GuideStatus not confirmedThis is a BVI Financial Services Commission user guide explaining how non-regulated BVI Business Companies can register or incorporate as Segregated Portf…
Striking off and Liquidation of Companies Under the BVI Business Companies Act, User Guides No. 5Status not confirmedThis is User Guide No. 5 issued by the BVI Financial Services Commission's Registry of Corporate Affairs, explaining the two routes by which a BVI Busines…
The Control of BVI-Issued Bearer SharesStatus not confirmedThis is a 2002 consultative Aide Memoire published by the BVI Financial Services Commission explaining the policy behind the then-forthcoming Internationa…
Trade Mark & Patent Fees FAQsStatus not confirmedThis is a plain-language FAQ published by the BVI Financial Services Commission explaining the statutory fees charged under the Financial Services (Trade…
Trade Mark Agent GuidelinesStatus not confirmedThese guidelines from the BVI Financial Services Commission explain how individuals, partnerships and legal persons can apply for approval and registratio…
Trade Marks (Filing) Guidelines, 2018Status not confirmedThese Guidelines, issued by the Registrar of Trade Marks, Patents and Copyright under the Trade Marks Rules 2015, set out administrative and procedural re…
Trade Marks, Patents & Copyright Unit FAQs - October 2022 MeetingIn forceThis document records the questions and answers from the BVI Financial Services Commission's Office of Trade Marks, Patents and Copyright's October 2022 m…