The BVI Financial Services Commission (FSC) is seeking industry input on the proposed Public Funds Code which is being drafted pursuant to section 63(1) of the Securities and Investment Business Act 2010 (SIBA). The FSC is committed to facilitating private sector input as a critical component of ensuring a sound regulatory approach to meet the changing demands of the financial services sector.
The draft Public Funds Code provides for the establishment and operation of public funds and for matters permitted by the Mutual Funds Regulations to be contained in the Public Funds Code. Industry practitioners and other stakeholders are strongly encouraged to review, evaluate and comment on the proposed code.
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