BVI introduces a new ‘regulation light’ regime for BVI domiciled investment managers and advisors

The new regime introduced pursuant to the Investment Business (Approved Managers)Regulations, 2012 is aimed at non-institutional managers and advisors of BVI funds and provides a welcome regulatory alternative to applying for a full investment management or advisory licence under Part I of the Securities and Investment Business Act, 2010 (“SIBA”). To qualify as an “Approved…