Regulatory AlertsSecurities and Investment Business (Recognised Jurisdictions) Notice
The Financial Services Commission of the Virgin Islands designates the jurisdictions listed in its schedule as recognized for regulatory purposes under the Securities and Investment Business Act. The notice authorizes the Commission to formally accept fund functionaries established in these listed jurisdictions, while also permitting approvals for functionaries from other territories that maintain effective investment regulation systems. This framework ensures compliant cross-border fund operations by aligning local regulatory requirements with recognized international jurisdictions and their qualified professionals.
LAW OF VIRGIN ISLANDS Securities and Investment Business (Recognised Jurisdictions) Notice 101 Revision Date: 1 Jan 2020 [Statutory Instrument] SECURITIES AND INVESTMENT BUSINESS (RECOGNISED JURISDICTIONS) NOTICE – SECTION 40(4) (S.I.s 29/2010 and 83/2010) Commencement [17 May 2010] Short title
- This Notice may be cited as the Securities and Investment Business (Recognised Jurisdictions) Notice. Recognised Jurisdiction
- For the purposes of the application of the Securities and Investment Business Act, and paragraph 3, the jurisdictions listed in the Schedule are recognised by the Financial Services Commission. Recognition and acceptance of functionaries
- (1) The Commission may, subject to the Securities and Investment Business Act, recognise and accept any functionary of a fund that is established and located in a jurisdiction listed in the Schedule. (2) Where a functionary of a fund is not established and located in a jurisdiction listed in the Schedule, the Commission may recognise and accept the functionary, if satisfied, upon application, that the functionary’s jurisdiction of establishment and location has a system for the effective regulation of investment business, including funds. __________
Securities and Investment Business 102 (Recognised Jurisdictions) Notice [Statutory Instrument] Revision Date: 1 Jan 2020 LAW OF VIRGIN ISLANDS SCHEDULE RECOGNISED JURISDICTIONS Argentina Germany Netherlands Australia Gibraltar New Zealand Bahamas Greece Norway Belgium Guernsey Panama Bermuda Hong Kong Portugal Brazil Ireland Singapore Canada Isle of Man Spain Cayman Islands Italy South Africa Chile Japan Sweden China Jersey Switzerland Curacao Luxembourg United Kingdom Denmark Malta United States of America Finland Mexico France (Amended by S.I. 83/2010) __________