The December 2001 enactment of the Financial Services Commission Act, 2001 established the British Virgin Islands 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.
Regulated activities which are considered financial services include: insurance, banking, fiduciary services, trustee business, company management, investment business, and insolvency services, as well as the registration of companies, limited partnerships and intellectual property.
The Commission, since 2002 assumed responsibility for functions previously carried out by the Government through the Financial Services Department. The Commission as financial services regulator is also responsible for promoting public understanding of the financial system and its products, policing the perimeter of regulated activity, reducing financial crime, and preventing market abuse.
Full Name: British Virgin Islands Financial Services Commission