2020-04-30
The Financial Services Commission of the Virgin Islands issued this notice under Section 18(2) of the Financial Services (Exceptional Circumstances) Act, 2020. The Commission extended the operation of the Financial Services (Exceptional Circumstances) Order, 2020, which was originally set to expire on April 30, 2020. This extension prolongs the Order's validity for an additional three months, ending on July 31, 2020.
1 VIRGIN ISLANDS STATUTORY INSTRUMENT 2020 NO. 48 FINANCIAL SERVICES (EXCEPTIONAL CIRCUMSTANCES) ACT, 2020 (No. 4 of 2020) A NOTICE BY THE FINANCIAL SERVICES COMMISSION UNDER SECTION 18 (2) OF THE FINANCIAL SERVICES (EXCEPTIONAL CIRCUMSTANCES) ACT, 2020 EXTENDING THE OPERATION OF THE FINANCIAL SERVICES (EXCEPTIONAL CIRCUMSTANCES) ORDER, 2020 [Gazetted 30 th April, 2020] WHEREAS it is provided by section 18 (2) of the Financial Services (Exceptional Circumstances) Act, 2020 (No. 4 of 2020) that the Financial Services Commission may extend the timeframe of the Financial Services (Exceptional Circumstances) Act, 2020 or an Order made under the said Act that is of general application, by a notice published in the Gazette, notifying of such an extension; NOW THEREFORE, in exercise of the power vested in the Commission, it is hereby notified that the operation of the Financial Services (Exceptional Circumstances) Order, 2020 (S.I. 2020 No. 32) is extended beyond the 30th day of April, 2020, for a period of 3 months ending on the 31st day of July, 2020. Made by the Financial Services Commission this 30th day of April, 2020. [Sdg.] Kenneth Baker (Ag.) Managing Director Financial Services Commission