Government publishes policy on beneficial ownership disclosure. The BVI Financial Services Commission (FSC) has published its beneficial-ownership policy, which aims to grant access only to “legitimate interest” requestors who may view individuals holding ≥25% of a company. Registered firms receive alerts when data is sought, triggering objection and appeal procedures, with exemptions, fees and privacy safeguards. The UK and Transparency International UK have criticised these “tipping-off” clauses and called for fully public registers. Premier Natalio Wheatley defended the approach as best practice after extensive stakeholder consultation. After a transitional period for system upgrades and guidance, the FSC will work with industry on draft regulations and gather further feedback.