Red Ensign Group (REG), Includes the 5 Category 1 British Registers (UK, Bermuda, Cayman, Gibraltar and Isle of Man) and the 8 Category 2 British Registers (Anguilla, British Virgin Islands, Falkland Islands, Guernsey, Jersey, Montserrat, St. Helena and Turks and Caicos Islands). The Category 1 Registries may register vessels of any size, type or age whilst the Category 2 Registries are restricted to registering vessels up 150 GT (the British Virgin Islands can register cargo vessels up to 150 gross tones and yachts up to 500 gross tones). The REG meets annually in one of the member countries.