Fund clients are reminded about the 30 June 2022 filing deadline to submit the required information. Please see our overview below. v Jump to the requirements summary table. v Financial statements Pursuant to the Securities and Business Act (Revised) (SIBA), the Mutual Funds Regulations (Revised) and the Private Investment Funds Regulations, 2019, all BVI private, professional, public, and private investment funds (together Funds) and all investment business licence holders (Licensees) are required to have an appointed auditor for the purposes of auditing their financial statements, unless an exemption has been expressly sought and granted. All Funds and Licensees are required to submit a copy of their audited financial statements to the Financial Services Commission (FSC) within six months of the end of each financial year. Thus those with a financial year ending 31 December 2021 are required to submit their audited financial statements for the 2021 financial year to the FSC on or before 30 June 2022. Under SIBA’s ‘light touch’ regimes governing approved funds, incubator funds and approved managers, these are not required to appoint an auditor and are required only to submit a copy of their financial statements to the FSC within six months of the end of each financial year. Accordingly, those with a financial year ending 31 December are required to submit their financial statements for the 2021 financial year on or before 30 June 2022. Fund Types / Fund Managerswith 31 December financial year-end Audited accounts Unaudited accounts Mutual FundAnnual Return Private fund 30 June 2022 / 30 June 2022 Professional fund 30 June 2022 / 30 June 2022 Public fund 30 June 2022 / 30 June 2022 Incubator fund / 30 June 2022 / … Discover More