Quarterly Statistical Bulletin Issued by BVI FSC

The BVI Financial Services Commission published the forty-seventh volume of Quarterly Statistical Bulletin, which analyses financial services activities in the jurisdiction in the second quarter of 2017. In this period, 7,621 new business companies were incorporated in the BVI, compared to 8,695 incorporations in the previous quarter and 6,767 incorporations in the second quarter of 2016. By the end of the second quarter of 2017, cumulative number of companies in the jurisdiction made 395,684. Also, there were 29 Private Trust Companies and 22 Limited Partnerships registered in the period; their cumulative number as at 30 June, 2017 was 1,094 and 712, respectively.

According to Investment Business statistics, 6 new licences were granted to approved investment managers, and 13 Mutual funds were registered/recognised in the second quarter. In Insolvency services, total number of insolvency practitioners reached 27 (26 in the first quarter, 24 in the second quarter of 2016). In Insurance, there were 3 newly issued insurance licences, cumulative number being 175. 

International Co-operation matters in the reported quarter included 19 formal and 4 informal incoming requests, 1 formal outgoing request, 147 enforcement matters and 26 enforcement investigations. 132 ongoing supervision matters were referred to LSC (the Licensing and Supervisory Committee) in the sphere of Banking, Insolvency and Fiduciary services, 38 in Investment Business, and 45 in Insurance. Further and complete information about the financial services statistics in the BVI territory can be found on the website of the Commission.