The Investment Business Act (IBA) 2003 was recently passed by the Bermuda legislature and became operative on 30 January, 2004. The act repealed the IBA 1998 and substituted in its place a new and more refined regime for regulating investment business in Bermuda.
The new IBA is part of an on-going process of adapting the island’s regulation to international regulatory standards. During the past three years, the Government has consulted with industry participants in Bermuda to refine the investment-business regulatory regime to reflect more accurately the commercial realities of the Bermuda marketplace.
