Updates on BVI Schedule of Filings and Regulatory Deadlines
An overview of what you need to know about the British Virgin Islands’ schedule of filings and regulatory deadlines.
| WHO HAS TO FILE | WHAT NEEDS TO BE FILED | WHEN |
|---|---|---|
| Licensees (those who hold a BVI investment business licence) are required to submit an annual compliance report to the Financial Services Commission (the “Commission”). Where Bolder acts as your Authorised Representative we may submit your report to the Commission. | COMPLIANCE REPORT | 31 March 2023 |
| All Licensees must submit an annual return to the Commission for the reporting period covering the previous calendar year, ending on 31 December. Where Bolder acts as your Authorised Representative we may submit your report to the Commission. | INVESTMENT BUSINESS ANNUAL RETURN | 31 March 2023 |
| Each Licensee and Approved Manager must submit a return to the Commission for the return period covering the previous calendar year, ending on 31 December. Bolder can assist if needed as the return must be submitted to the Commission. | ANTI-MONEY LAUNDERING / COUNTERING THE FINANCING OF TERRORISM RETURN | 31 March 2023 |
| All Funds (with the exception of Private Investment Funds) must submit a mutual fund annual return (“MFAR”) to the Commission for the reporting period covering the previous calendar year, ending on 31 December. Bolder can assist if needed as the return must be submitted to the Commission. | MUTUAL FUND ANNUAL RETURN | 30 June 2023 |
| Licensees and all Funds (with the exception of Approved Funds, Incubator Funds and Approved Managers) are required to submit a copy of their audited financial statements to the Commission within six months of the end of each financial year. Therefore, where a financial year ends on 31 December the requirement is to have audited financial statements for the 2022 financial year submitted to the Commission on or before 30 June 2023**.Where Bolder acts as your Authorised Representative we may submit your unaudited financial statements to the Commission. | AUDITED ACCOUNTS | **30 June 2023 |
| Approved Funds, Incubator Funds and Approved Managers are required to submit a copy of their unaudited financial statements (as they are not required to appoint an auditor) to the Commission within six months of the end of each financial year. Therefore, where a financial year ends on 31 December the requirement is to have unaudited financial statements for the 2022 financial year submitted to the Commission on or before 30 June 2023**. Where Bolder acts as your Authorised Representative we may submit your unaudited financial statements to the Commission. | UNAUDITED ACCOUNTS | **30 June 2023 |
For more information, contact jason.jagessar@boldergroup.com.
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