Some welcome news that the BVI government has extended the CRS reporting deadline by several days to 1 September, 2017. The Cayman Islands reporting deadline for Cayman Reporting FI's remains at 31 August, 2017.

{As a result of a tropical wave that affected the territory of the British Virgin Islands ("BVI") last week, the Government of the BVI has now announced that the deadline for the submission of CRS reports via the BVI Financial Account Reporting System has been further extended from 18 August 2017 to 1 September 2017.