 Registration procedures for security interests have proved particularly difficult to resolve.Although the predecessor International Business Companies Act was widely copied by other offshore jurisdictions, it was assumed that the BVI Business Companies Act would not be similarly replicated, as the architecture of the legislation integrated it very closely with the systems and procedures of the British Virgin Islands corporate registry.However, in 2006 the Isle of Man passed new company act, the Isle of Man Companies Act, which was nearly a word-for-word copy of the BVI Business Companies Act.