Aggregated News From Investment Management Regulators

Industry Circular No. 22 of 2020 – BVI FSC Business Continuity Update: Operations

Report/Flag

Please complete the required fields.



BVI FSC Business Continuity Update: Operations

The BVI Financial Services Commission (the “Commission”) continues to operate during its regular hours of operation (8:30 a.m. – 4:30 p.m.). Please note the new details of operation for our Asia Representative Office in Hong Kong and instructions for payment of annual fees for BVI Business Companies.  

HK Office
Our Asia Representative Office will close early on Wednesday, 27 May 2020, at noon.

We will resume our in-office processing of transactions on Thursday, 28 May 2020, from 10:00 a.m. – 4:00 p.m. Until further notice, our Hong Kong office will continue to make arrangements for the delivery of certificates to agents via courier. 

Please contact our Hong Kong team at [email protected] for all queries, service requests and to schedule an appointment with the Asia Representative.

Our Industry Practitioners, please note as follows:

Registry of Corporate Affairs 
The due date for annual fees for BVI Business companies incorporated during the first half of the year is Sunday, 31 May 2020. The following day, 1 June 2020, is a public holiday.
Annual fees can, therefore, be paid without penalty until 11:59 p.m. on Tuesday, 2 June 2020.

Also, Foreign companies that have not yet paid annual fees are currently in the 10% penalty period. Fees that are not paid by 31 May are subject to a 50% penalty on 1 June. As Monday, 1 June is a public holiday, annual fees for Foreign companies can be paid with the current 10% penalty until 11:59 p.m. on Tuesday, 2 June 2020.

industry_circular_22_of_2020_-_business_continuity_update.pdf

Posting Date:
Tuesday, 26 May, 2020

Source link

Regulator Information

Abbreviation: BVI FSC
Jurisdiction: British Virgin Islands

Recent Articles

Management Companies and Self-Managed Funds Quarterly Statistics

See a PDF of the Circular published by the Cyprus Securities and Exchange Commission (CySEC CY) here: Source link

Surrender of Authorisation by Charles Cassano

This notice is to make the general public aware that Mr Charles Cassano requested the Malta Financial Services Authority (“MFSA”) to accept the surrender of the authorisation which was issued to the

EIOPA calls for better value money in bancassurance warning to banks and insurers

The European Insurance and Occupational Pensions Authority (EIOPA) has today issued a warning to insurers and banks to address consumer protection issues related to sale of credit protection insuranc

Communiqué No. 73, CNBV completed the process for the TSJEP to join the SIARA

This post was translated by Regulatory.News for informational purposes only; the content below is not an official translation from the regulator. See the content...

The Chairman of the Financial Supervisory Authority gives the keynote speech at the Fourth Insurance and Reinsurance Forum in Sharm El Sheikh

This post was translated by Regulatory.News for informational purposes only; the content below is not an official translation from the regulator. See the content...

Get the latest from Regulatory.News in your inbox!

×