Sterling Gent Trading Ltd (SGT), the BVI-incorporated specialist FX firm, welcomes the new business investment legislation recently introduced by the BVI Financial Services Commission.
“The Securities and Investment Business Act, 2010 and Mutual Funds Regulation, 2010 evidence the ongoing commitment the BVI has placed in maintaining its excellent reputation in the capital markets. The SIBA, in particular, will afford professional firms such as SGT a new opportunity to confirm to best industry practices within the context of a regulated corporate structure. This is a development that will enhance our standing in the industry and solidify the trust that current and future clients will show SGT,” notes John Rebelo, founder of SGT.
The Securities and Investment Business Act, 2010 and Mutual Funds Regulation, 2010 came into effect yesterday and are the legislative framework under which the Financial Services Commission regulates mutual funds and other investment related entities conducting business in and from within the British Virgin Islands.
“Insofar as the scope of our existing and future business clearly falls under the purview of the Securities and Investment Business Act, 2010, we look forward to full compliance with the regulatory requirements of this new legislation.” Mr Rebelo adds.
SGT Trader offers trading in dozens of spot FX pairs, Gold, Silver, equity indices, energy products, and other commodities 24-hours per day.