BVI legal reform paves way for growing offshore hedge funds business
The British Virgin Islands has passed the Securities & Investment Business Act (SIBA). The law fine-tunes the framework for investment funds and could give the BVI an edge in offshore funds business.
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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