Aides Memoires

1. INTRODUCTION

1.2 Reason for this Aide Memoire

This Aide Memoire builds on Aide Memoire #2, "The Control of BVI-Issued Bearer Shares",
issued in October 2002 by the Financial Services Commission of the British Virgin Islands
("the Commission"). Aide Mémoire #2 clarified proposed legislation aimed at controlling the
issue of bearer shares.