BVI legal reform paves way for growing offshore hedge funds business

British Virgin Islands Supplement October 2010: Hedge fund ambitions

overview-sailing

2010 is shaping up to be a busy year for financial regulators.

Governments around the world have shaken off the shock of the financial crisis and moved to improve oversight and supervision of the financial industry.

In the US the Dodd-Frank Act has rewritten the rules for financial institutions, imposing tighter controls on banks and requiring hedge fund managers to register with the Securities & Exchange ­Commission (SEC).

The UK’s recently elected coalition government has bolstered the authority

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