BVI Financial Services Commission

In December 2001, the Financial Services Commission Act, 2001, was enacted, and became effective on 1st January 2002. It established the BVI Financial Services Commission (FSC) as an autonomous regulatory authority, responsible for the regulation, supervision and inspection of all financial services in and from within the BVI. Such services include banking, company management, trustee business, mutual funds business, and insurance, as well as the registration of companies, partnerships, intellectual property and ships.

As a result, the FSC now oversees all regulatory responsibilities previously handled by the BVI Government through its Financial Services Department. The FSC also has responsibilities including promoting public understanding of the financial system and its products, policing the perimeter of regulated activity, reducing financial crime, and preventing market abuse.