Regulator ready for scrutiny

As onshore jurisdictions ponder increased oversight of the hedge fund industry, the BVI believes its balance of principles- and rules-based regulation should be maintained.


The British Virgin Islands (BVI) takes the regulation of its financial services sector seriously. The Financial Services Commission (FSC), an autonomous regulatory authority established in 2001, is responsible for the regulation and supervision of financial services activity in the jurisdiction.

Brodrick Penn, director of the investment business division at the FSC, has been closely monitoring the international debate on financial regulation. He says the BVI welcomes changes to international

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