ACO NEWS

The BVIACO maintains strong support from the Financial Services Industry with a total of 41 Compliane Professionals renewing their membership in 2013. Since our last General Meeting, which was held in

On 29 March 2013 the BVI ACO submitted its documents to the Ministry of Health and Social Development to complete its NPO Registration, in accordance with the NPO Act.

On Thursday, 7th March 2013, members of the BVI Association of Compliance Officers (the "Association" or "BVI ACO") elected a new Executive Council following the expiration of the term of the previous executive body.

On 27 February 2013, the British Virgin Islands Financial Services Commission (the "FSC") advised Industry Practitioners of recent changes made to the Guidelines and Operating Procedures of the Licensing and Supervisory Committee (the "LSC").The changes made to the LSC Guidelines are in respect to the delegation of authority, in certain instances, to the FSC's Directors regarding legislation and related activities.With this change it is expected that the delegation of aut...