Representative

The BVI Securities and Investment Business Act (SIBA) came into force on Monday, May 17, 2010. One notable requirement of SIBA (which replaced the Mutual Funds Act) was that all BVI domiciled funds and management companies would be required to have a BVI authorized representative. Tovel can provide such authorized representative service which would have relevant hedge fund experience and would simultaneously add further substance (mind and matter) to the client’s BVI based operation. In addition, Tovel will assist and ensure that its select group of clients meet the ever increasing filing (compliance, audit, accounts etc) requirements to the various BVI based agencies including BVI FIA, BVI ITA and BVI FSC