Approved Manager - Annual Return
BVI Approved Managers are required to file an annual return with the BVI Financial Services Commission (the "Commission") by 31 January 2024 in respect of the preceding year pursuant to the Investment Business (Approved Managers) Regulations.
The annual return should be in a prescribed form confirming:
- Compliance with the requirements of the Regulations;
- That each director, senior officer and shareholder with a significant interest is fit and proper; and
- Details of (i) entities the Approved Manager provides services to; (ii) the assets under management for such entities; (iii) the number of investors for such entities; and (iv) whether the Approved Manager has received any significant complaints.
Approved Fund - Annual Return
BVI Approved Funds are required to file an annual return with the Commission by 31 January 2024 in respect of the preceding year pursuant to the Investment Business (Incubator and Approved Funds) Regulations.
The annual return should be in a prescribed form confirming:
- Compliance with the requirements of the Regulations;
- outlining any significant complaint received by the Approved Fund and how the complaint was dealt with;
- Details of (i) the number of investors in the Approved Fund; (ii) the total investments in the Approved Fund; (iii) the aggregate subscriptions to the Approved Fund; (iv) the aggregate redemptions paid to investors; and (v) the net asset value of the Approved Fund.
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