Regulatory AlertsSecurities and Investment Business Act (Revised 2020)
Issued by the Government of the Virgin Islands and enforced by the Financial Services Commission, this Act establishes a comprehensive licensing and supervisory framework for all investment business conducted within the territory. It mandates that entities carrying on investment business obtain appropriate licences, maintain specified capital resources and corporate governance standards, and comply with advertising and conduct-of-business regulations. The legislation further consolidates regulatory regimes for public, private, professional, and foreign mutual funds while introducing strict prohibitions, compensation mechanisms, and criminal offences for insider dealing, market manipulation, and misleading disclosures.
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