oversight body for the British Virgin Islands (BVI FSC)
It the Financial Services Authority (FSC), and it is an abbreviation for (Financial Services Commission),
The control of the brokerage firms within the framework of the British Virgin Islands, the Commission is called (BVI FSC).
They are also subject to the new law regulating the work of investment and securities markets b identifier (SIBA), for the year 2010, which aims to:
Organization and follow-up of companies and individuals who engage in business and investment, within the British Virgin Islands and ensure the implementation of all laws and regulations of the Commission.
Repeal of 1996 for investment funds, and replace it with other advanced systems.
Creation of a new system to monitor and detect any manipulation or fraud in financial transactions, or any other illegal interventions in the market.
Ensure adequate financial insurance for businesses and individuals, within the British Virgin Islands.
It is the control and regulation of all financial activities and services and commercial brokerage firms under its control, to ensure the implementation of all laws and regulations, and aims to:
* The overseeing all businesses and individuals, and make sure their validity in the practice of financial and business services within the framework of laws and legislation.
*Monitor and detect all financial irregularities and punish the offending them.
*Maintain investors' funds from any manipulation.
*Operations facilitate and ensure movement of capital between nations.
*To maintain domestic and international confidence in the financial services industry and contribute to the growth and development of this industry.
*Control of all businesses and individuals to ensure the implementation of all laws and regulations and punish those who violate the laws.
*Work to improve investors' understanding of the benefits and risks associated with the financial markets.
*Provide continuing education system for investors in the field of financial services, and awareness necessary to avoid financial risks.
*Ensure transparency in dealings.
*Ensure appropriate laws and the interests of the regulatory environment that provides financial institutions the quality of products and services beneficial economic British Virgin Islands.
Official website of the Commission:
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