British Virgin Islands: Financial Sector Assessment Program Update Documentation: Technical Note on Mutual Fund Regulation
October 25, 2010
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In a previous assessment, it was concluded that the British Virgin Islands (BVI) regulatory system governing securities markets functioned well overall, but required improvement in certain areas. Those areas are implemented with regulatory code, Securities and Investment Business Act (SIBA), related regulations, and the public funds code. The standards and eligibility of those who wish to manage or administer a mutual fund are determined by the Financial Services Commission (FSC) under the authority granted by statute. A mutual fund can be organized as a corporation, unit trust, or partnership.
Subject: Asset and liability management, Asset valuation, Financial institutions, Financial services, Financial statements, Mutual funds, Public financial management (PFM)
Keywords: Asset valuation, audited fund report, CR, Financial statements, FSC, FSC authority, FSC compliance review program, FSC website, FSC's intention, fund, ISCR, mutual fund, Mutual funds, public funds, public funds code, SIBA regime
Pages:
15
Volume:
2010
DOI:
Issue:
325
Series:
Country Report No. 2010/325
Stock No:
1VGBEA2010003
ISBN:
9781455208760
ISSN:
1934-7685
