The British Virgin Islands (BVI) government has published draft regulations setting out the conditions under which third parties will be able to access personal information held in its central register of beneficial ownership.

The register, which came into operation on 2 January, is now hosted on a new system called VIRRGIN. It contains the information previously collected and maintained by the beneficial ownership secure search system platform since 2017 and all new information filed from now on. New companies and limited partnerships must provide the information within 30 days of incorporation, registration or continuation. Existing companies and limited partnerships must do so by the end of a six-month transition period, by 2 July 2025.