Following the introduction of the Approved Managers regime in 2012, two new complimentary fund products have been added in the British Virgin Islands under the Securities and Investment Business (Incubator and Approved Funds) Regulations, 2015; the incubator fund and the approved fund.
The Regulations enable these new funds to be set up and launched on a fast-track, cost effective basis with minimal regulatory oversight by the BVI Financial Services Commission and are expected to prove attractive to start up and emerging managers.
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