Regulatory Alerts2021-04-01
Financial Services (Limited Partnership Fees) (Amendment) Regulations, 2021
The Cabinet of the Virgin Islands, acting on the advice of the Financial Services Commission, issued these Regulations to amend the fee schedule under the Financial Services (Limited Partnership Fees) Regulations, 2018. The amendment introduces specific fees for documents issued by the Registrar, including $75 for certified copies of certificates and $50 for uncertified copies, duplicates, or physical copies where electronic versions exist. Additionally, a $100 fee is established for any other certified or uncertified documents not otherwise specified in the Schedule.
VIRGIN ISLANDS FINANCIAL SERVICES (LIMITED PARTNERSHIP FEES) (AMENDMENT) REGULATIONS, 2021 ARRANGEMENT OF REGULATIONS Regulation 1… Citation and commencement. 2… Schedule amended.
2 VIRGIN ISLANDS STATUTORY INSTRUMENT 2021 NO. 28 FINANCIAL SERVICES COMMISSION ACT, 2001 (No. 12 of 2001) Financial Services (Limited Partnership Fees) (Amendment) Regulations, 2021 [Gazetted 1 st April, 2021] The Cabinet, acting on the advice of the Financial Services Commission and in exercise of the powers conferred by section 62 of the Financial Services Commission Act, 2001 (No. 12 of 2001) and section 117 of the Limited Partnership Act, 2017 (No. 24 of 2017), makes these Regulations:
- (1) These Regulations may be cited as the Financial Services (Limited Partnership Fees) (Amendment) Regulations, 2021. (2) These Regulations shall come into force on such date as the Minister may, by Notice published in the Gazette, appoint.
- The Schedule of the Financial Services (Limited Partnership Fees) Regulations, 2018 is amended, in relation to section “110(1)” referenced in the first column, by adding after paragraph (b) in the third and fourth columns, the following⸻ “(c) For the issue by the Registrar of⸻ (i) a certified copy, or certified extract, of a certificate of registration, restoration, merger, consolidation, arrangement, continuation, discontinuance, deregistration, good standing, etc. (ii) an uncertified copy, or uncertified extract, of a certificate of registration, restoration, merger, consolidation, arrangement, continuation, discontinuance, deregistration, good standing, etc. (iii) a duplicate certificate (iv) a physical copy of a certificate of whatever nature or $75 $50 $50 Citation and commencement. Schedule amended. S.I. No. 10 of 2018
3 form where an electronic version of the same certificate has been provided (v) any other certified or uncertified document for which a fee is not specified elsewhere in this Schedule $50 $100”. Made by the Cabinet this 1 st day of April, 2021. (Sgd.) Sandra Ward, Cabinet Secretary