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Regulatory changes in the BVI
Posted: 26 February 2013
Maples report that The BVI has adopted a new light touch regulatory regime for qualifying managers incorporated or formed in the BVI with assets under management of $400 million or less through qualifying open-ended fund structures and $1 billion or less through qualifying closed-ended structures.
Maples add that The BVI has also adopted a new regulatory regime for managers and advisors of closed-end fund vehicles (i.e. funds where investors do not have an unfettered right to redeem their interests).
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