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  4. BVI Sandbox Regulations to facilitate FinTech innovation

BVI Sandbox Regulations to facilitate FinTech innovation

21 Aug 2020
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The Financial Services (Regulatory Sandbox) Regulations 2020 (the Sandbox Regulations) will come into force as of 31 August 2020. The Sandbox Regulations, originally passed without an effective date on 10 June 2020, are designed to foster the growth of FinTech related business seeking to start up in the jurisdiction.

The new Sandbox Regulations are a welcome addition to the range of options open to innovative businesses seeking to operate in or through the BVI.

Please see our legal update here.

A copy of the Sandbox Regulations can be found here.

A copy of the FSC’s public presentation on regulatory sandboxing (BVIFSC’s Meet the Regulator, 3 July 2019) can be found here.

Authors
Mirza Manraj Harneys front portrait image on a grey background
Mirza Manraj
Counsel | Funds & Regulatory | Hong Kong
Ayana Hull Harneys front portrait image on a grey background
Ayana Hull
Head of BVI Private Wealth & Regulatory | Private Wealth | British Virgin Islands
Aki Corsoni Husain Harneys front portrait image on a grey background
Aki Corsoni-Husain
Partner | Funds & Regulatory | London