Contact

Paul Christopher

Paul Christopher

Hong Kong
Partner

Rachael McDonald

Rachael McDonald

BVI
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Sara Galletly

Sara Galletly

Cayman Islands
Partner

Update

BVI regulatory sandbox comes into play

[Dynamic date]

31 August 2020

A regulatory sandbox (the Sandbox) launched in the British Virgin Islands on 31 August 2020, pursuant to the Financial Services (Regulatory Sandbox) Regulations, 2020. The Sandbox allows businesses to trial new ideas under the supervision and monitoring of the Financial Services Commission without the need to apply initially for a full licence to conduct financial services business.