The British Virgin Islands Financial Services Commission (BVI FSC) has formed the Securities, Investment Business and Mutual Fund Advisory Committee (SIBA Advisory Committee) to review the Securities and Investment Business Act, 2010 (SIBA) and related relevant legislation and recommend changes to the regulatory regime that governs securities, investment business and mutual funds in the Territory.

Ross Munro, Partner and Head of Investment Funds and Regulatory at the law firm Harneys has been appointed Chairman of the SIBA Advisory Committee, while the other members of the committee are: Robert Briant, Partner, Conyers Dill & Pearman; Ryan Geluk, Director, BDO; Ayana Hull-Brathwaite, Associate, Maples and Calder; Walter Reich, Managing Director, Tovel Management, Simon Schilder, Partner, Ogier; and David Sims, Managing Director, Beacon Fund Advisors.

"The Commission is pleased to continue its partnership with the private sector through the formation of the new advisory committee, which will play a similar role to its predecessor; the Mutual Fund Advisory Committee," says Brodrick Penn, the FSC´s Director, Investment Business. "We are equally pleased to have a diverse range of professional expertise and personalities working together with the Commission to advise on matters relating to the development of the securities industry."