Regulatory Alerts2024-09-05
Securities and Investment Business (Amendment of Schedule 1) Order, 2024
The Cabinet of the Virgin Islands, acting on the Financial Services Commission’s advice, issued this Order to amend Schedule 1 of the Securities and Investment Business Act. The amendment inserts a new paragraph defining foreign exchange instruments as contracts to exchange one currency for another. Deriving authority from section 108(1) of the Act, the Order takes effect on a date designated by the Minister via Gazette notice.
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