BVI entities have until 30 June to submit an application for recognition as a private investment fund (PIF) in the BVI, as required by the Securities and Investment Business (Amendment) Act, 2019 for close-ended collective investment schemes. Private equity and venture capital funds not previously regulated in the BVI are caught by the law, but entities with one shareholder or a single limited partnership fall outside its scope. PIFs must also appoint an authorised representative in the BVI and submit audited financial statements within six months of the end of the financial year....