CFCL General information - St Vincent and the Grenadines

CFCL eligible fund types

Register market

In Saint Vincent and the Grenadines (SVG), investment funds are commonly known as “mutual funds”, as defined under the Mutual Funds Act CAP 154 of the Laws of SVG 2009 Edition. 
The Mutual Funds Act makes provisions for three categories of mutual funds, namely:

• Accredited Fund – Fund with a minimum subscription requirement for a majority of accredited investors of  25,000 USD or equivalent in any currency, or is designated as an “accredited fund” by regulations;
• Private Fund – Fund with limited number of investors that is only allowed to solicit investors on a "private" basis;
• Public Fund – All funds which do not fall into either of the aforementioned categories and is open to members of the public.

Common legal forms recognised by the Mutual Funds Act include:  

• Company - Incorporated under the Companies Act CAP 143 of the laws of SVG or under the International Business Companies (Amendment & consolidation) Act CAP 149 of the laws of SVG ;
• Trust - Settled by deed or agreement which chooses that law of SVG as the proper law;
• Partnership - Formed or established under the laws of SVG;
• Foreign company, trust, or partnership - Constituted outside of SVG that is already a public fund or meet the criteria of an accredited fund or private fund. 

Operational arrangements

This section describes the operational arrangements of the Saint Vincent and the Grenadines market: