CFCL General information - British Virgin Island’
CFCL eligible fund types
Register market
Investment funds that are established in the following forms are eligible in CFCL:
Open-ended (mutual funds) in compliance with the Securities and Investment Business Act, 2010 and Mutual Funds Regulations, 2010. They can be established as a company, partnership, or unit trust;
Closed-ended (private investment funds) in compliance with Securities and Investment Business (Amendment) Act, 2019 and Private Investment Funds Regulations, 2019. They can be established as a company, partnership, or unit trust.
Operational arrangements
This section describes the operational arrangements of the British Virgin Islands market:
Register Market | Remarks | |
Settlement free of payment | Yes | |
Settlement against payment | Yes | Refer to CBL’s Eligible currencies and the fund currency specified in fund prospectus. |