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2024-12-27

Notice 2: Limited Partnership (Amendment) Act, 2024

The Minister of Financial Services, Economic Development and Digital Transformation of the Virgin Islands issued this notice to appoint the commencement date for specific provisions of the Limited Partnership (Amendment) Act, 2024. The Minister exercised powers under Section 1(2) of the Act to declare that the listed sections, including Sections 4, 5, 6(a), 10, 13, 14(c) and (d), 15, 21, 30(a)-(c) and (e), 32, 33, 39, 41, and 42, shall come into force on January 2, 2025. This statutory instrument was gazetted on December 27, 2024, following its signing by the Minister on December 19, 2024.

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British Virgin Islands

British Virgin Islands Financial Services Commission

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VIRGIN ISLANDS STATUTORY INSTRUMENT 2024 NO. 79 LIMITED PARTNERSHIP (AMENDMENT) ACT, 2024 (No. 23 of 2024) A NOTICE MADE BY THE MINISTER OF FINANCIAL SERVICES, ECONOMIC DEVELOPMENT AND DIGITAL TRANSFORMATION UNDER SECTION 1(2) OF THE LIMITED PARTNERSHIP (AMENDMENT) ACT, 2024 DECLARING THE DATE ON WHICH CERTAIN PROVISIONS OF THE SAID ACT SHALL COME INTO FORCE [Gazetted 27th December, 2024] WHEREAS it is provided by section 1(2) of the Limited Partnership (Amendment) Act, 2024 (No. 23 of 2024) that the said Act shall come into force on such date as the Minister may, by Notice published in the Gazette, appoint; WHEREAS section 16(2) of the Interpretation Act (Cap. 136) provides that where an enactment is to commence or come into operation on a day specified by a notice made under the enactment, the notice may specify different days for different provisions of the enactment to come into operation; NOW THEREFORE, in exercise of the powers vested in me, I hereby appoint the 2 nd day of January, 2025 to be the date on which the following provisions of the Limited Partnership (Amendment) Act, 2024 shall come into force:

  1. Section 4
  2. Section 5
  3. Section 6(a)
  4. Section 10
  5. Section 13
  6. Section 14(c) and (d)
  7. Section 15
  8. Section 21
  9. Section 30(a), (b), (c) and (e)
  10. Section 32
  11. Section 33
  12. Section 39
  13. Section 41
  14. Section 42 Made by the Minister this 19th day of December, 2024. (Sgd.) Natalio D. Wheatley, Minister of Financial Services, Economic Development and Digital Transformation.
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