Legislative Update on the BVI’s Securities and Investment Business (Amendment) Act 2019 (SIBA) 01/04/2020 The Securities and Investment Business (Amendment) Act 2019 (SIBA) introduced a new regulatory regime for closed-ended funds in the BVI. This new regime came into force on 31 December 2019 and created a new category of fund in the BVI, whereby a closed-ended fund is required to file with the BVI Financial Services Commission (FSC) in order to be recognised, provided it meets certain prescribed criteria. Transitional provisions require closed-ended funds in existence prior to the introduction of the legislation to file with the FSC by 1 July 2020. New funds are subject to the regime immediately. Read our briefing for more information. X Linkedin weixin Messenger Latest News Mauritius Finance Act and Economic Measures Act 2026 Mauritius Compliance, AML/CFT and Regulatory Updates 2026 Ratification of the New Protocol to the Mauritius-India Tax Treaty Introduction of Beneficial Ownership Register and Reporting Obligations for Barbados Entities Anguilla Introduces Legitimate Interest Access to Beneficial Ownership Information Trident Trust Expands Fund Administration Offering into Gibraltar