> For the complete documentation index, see [llms.txt](https://docs.nav.finance/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.nav.finance/security/regulation.md).

# Regulation

### Regulated in the British Virgin Islands (BVI)

NAV is a regulated Segregated Portfolio Company (SPC) hedge fund in the British Virgin Islands (BVI), ensuring stringent regulatory oversight, transparency, risk management, and investor protection. We undergo regular audits by firms like NAV Consulting to ensure operational integrity and asset security.

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