AIFMD update — British Virgin Islands
The Financial Services Commission of the British Virgin Islands (BVI) has announced that it has entered into co-operation arrangements with the securities regulators of 25 European countries. This is welcome news as it means BVI funds can continue to be marketed to professional investors in these countries under national private placement regimes after 22 July 2013 — the date the European Alternative Investment Fund Managers Directive (AIFMD) is transposed into national laws of EU member states…
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Briefings from Conyers Dill & Pearman
The Canadian government has ratified a tax information exchange agreement with the British Virgin Islands (BVI).
Modern company, partnership, trust, and other related laws have made Bermuda a leading offshore financial centre for the formation of private equity vehicles.