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Compliance

BVI FSC forms Securities, Investment Business & Mutual Funds Advisory Committee

The British Virgin Islands Financial Services Commission (BVI FSC) has formed the Securities, Investment Business and Mutual Fund Advisory Committee (SIBA Advisory Committee) to review the Securities and Investment Business Act, 2010 (SIBA) and related relevant legislation and recommend changes to the regulatory regime that governs securities, investment business and

Bermuda updates investment fund regulation

Bermuda’s new Investment Funds Amendment Act 2010, which received the assent of the Governor General on 22 December and amends the Investment Funds Act 2006, has introduced several new provisions for the regulation of investment funds in the Caribbean jurisdiction. The aim of the Amendment Act is to align “the

Bermuda

Bermuda extends assurance of tax neutrality

The Bermuda Government is planning to extend to 2035 the period of time for which the Ministry of Finance may grant an assurance to international businesses that are identified as exempted undertakings that they will be exempt from certain tax liabilities in Bermuda. The announcement was made as part of

Dundas & Wilson advises management in family business buyout

Law firm Dundas & Wilson has advised the new management team in the private equity-backed buyout of Chemigraphic, one of the largest independent full service electronic manufacturing services providers in the UK. RJD Partners, a lower middle market investor, backed the deal which will see the sons of founders Frank

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Majority of fund managers remain opposed to AIFM Directive

A Preqin survey of over 100 alternative assets fund managers and investors found that just under a third support the Alternative Investment Fund Managers Directive to some extent, with firms in certain countries where the new legislation will replace more restrictive existing rules believing that it will serve to improve

John Aspden, chief executive of the Isle of Man Financial Supervision Commission

Isle of Man says it will meet AIFM Directive criteria

Following approval of the Alternative Investment Fund Manager Directive by the European Parliament, the Isle of Man says it welcomes the final Directive and that work is under way to ensure it will meet key regulatory criteria.  The AIFM Directive was first introduced in response to calls for greater regulation

Appleby offering authorised representative services in BVI

Appleby Authorised Representative, an affiliate of Appleby Corporate Services (BVI), has been certified by the BVI Financial Services Commission to act as an authorised representative under the Securities and Investment Business Act 2010.  Under SIBA, a licensee (unless it has a significant presence in the British Virgin Islands) and a

Hogan Lovells advises Survitec on LBO of Revere Commercial Marine Business

Hogan Lovells has acted as acquisition counsel to Survitec Group, a provider of safety and survival equipment, on the leveraged buyout of Revere Commercial Marine Business from Revere Supply to expand its presence in the US.  Survitec was acquired by private equity firm Warburg Pincus earlier this year. The acquisition

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12 November, 2026 – 5:00 pm

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