BVI Financial Services Commission hosts successful Meet the Regulator forum
On 3 October 2023, the BVI Financial Services Commission (FSC) hosted its annual Meet the Regulator forum under the theme 'Embracing Change, Fueling Progress'. Senior Commission officers provided updates on key issues and forthcoming initiatives relevant to the international and local financial services regulatory and legislative landscape.
The topics included:
- BVI BC (Amendment) Act, 2022 – Application of the Transitional Provisions and Related Matters
Presented by Ms Dian Fahie deCastro, Deputy Director, Legal Division
- Filing Financial Returns
Presented by Mr Glenford Malone, Deputy Managing Director, Regulation
- Legislative Reforms in the Pipeline
Presented by Ms Allene Gumbs, Deputy Director, Policy Development & Research
- VASP - Processes and Procedures
Presented by Mrs Kishelle Blaize-Cameron, Deputy Director, Specialized Supervision
In addition to these presentations, attendees also had an opportunity to participate in a roundtable discussion that focussed on international cooperation issues. The roundtable featured insights from legal and regulatory executives, including Mr Stephen Grayson, Director of Legal at the BVI FSC, Ms LaToya James, Director of the International Tax Authority, and Mr Errol George, Director of the Financial Investigation Agency.
The FSC's Managing Director and CEO, Mr Kenneth Baker addressed various topics, including ongoing restructuring at the BVI FSC, BOSS/Economic Substance, the VIRRGIN system, the CFATF Mutual Evaluation Report and the Publicly Accessible Register of Beneficial Ownership. The presentation slides can be found here.
Copies of the presentation slides detailing the discussion areas are now accessible on the BVI FSC’s website and can be accessed here.
The BVI FSC’s press release can be found here.