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The Securities and Investment Business Act, 2010 (SIBA) was brought into force in the British Virgin Islands (BVI) on May 17, 2010 (other than Part II dealing with the public issue of securities), making sweeping changes to the regulatory landscape in the BVI. This article highlights key changes brought about by SIBA which are relevant to hedge funds and their functionaries. An overview of other areas regulated by SIBA is available here.
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Hedge Funds and the Securities and Investment Business Act