 outside the offices of the FSC | |
| Agency overview | |
|---|---|
| Formed | December 2001 |
| Jurisdiction | British Virgin Islands |
| Headquarters | Road Town, British Virgin Islands |
| Agency executives |
|
| Website | http://www.bvifsc.vg |
The BVI Financial Services Commission is an autonomous regulatory authority responsible for the regulation, supervision and inspection of all the British Virgin Islands financial services including insurance, banking, trustee business, company management, mutual funds business, the registration of companies, limited partnerships and intellectual property.[1]
It was established in 2001 pursuant to the Financial Services Commission Act, 2001.[2] The commission now oversees all regulatory responsibilities previously handled by the government through its Financial Services Department; protecting the independence of financial services regulation and fulfilling international commitments to the prevention of international white collar crime while safeguarding the privacy and confidentiality of legitimate business transactions.[3]
The commission also has new responsibilities including promoting public understanding of the financial system and its products, policing the perimeter of regulated activity, reducing financial crime and preventing market abuse.[3]
The British Virgin Islands Financial Services Commission launched its Asia representative office in Hong Kong in April 2014 as part of a broader effort to support business development in the Asia Pacific Region.[4]
- ^ "About the Commission". BVI Financial Services Commission. Archived from the original on 22 March 2015. Retrieved 14 March 2015.
- ^ "Financial Services Commission Act, 2001" (PDF). Financial Services Commission. Archived from the original (PDF) on 2 April 2015. Retrieved 14 March 2015.
- ^ a b "About us". Financial Services Commission. Archived from the original on 22 March 2015. Retrieved 14 March 2015.
- ^ BVI Asia Representative Office