Legislative Update on the BVI’s Securities and Investment Business (Amendment) Act 2019 (SIBA) 01/04/2020 The Securities and Investment Business (Amendment) Act 2019 (SIBA) introduced a new regulatory regime for closed-ended funds in the BVI. This new regime came into force on 31 December 2019 and created a new category of fund in the BVI, whereby a closed-ended fund is required to file with the BVI Financial Services Commission (FSC) in order to be recognised, provided it meets certain prescribed criteria. Transitional provisions require closed-ended funds in existence prior to the introduction of the legislation to file with the FSC by 1 July 2020. New funds are subject to the regime immediately. Read our briefing for more information. X Linkedin Messenger Latest News Trident Trust Expands Service Offering to Spain Introduction of the Financial Services (Global Shared Services) Rules 2022 Meet Our Team at GAIM Ops in Grand Cayman Introduction of UAE Corporate Income Tax Trident Trust Extends US Fund Services Footprint to Texas UK Register of Overseas Entities, Deadline Approaching!