Regulatory Alerts2025-02-14
Notice: Financial Services (Exceptional Circumstances) (Amendment) Act, 2025
The Minister of Financial Services, Economic Development and Digital Transformation of the Virgin Islands issued this notice to appoint the effective date for the Financial Services (Exceptional Circumstances) (Amendment) Act, 2025. Acting under the authority of Section 1(2) of the Act, the Minister formally designated February 19, 2025, as the date on which the legislation shall come into force. This statutory instrument was made on February 13, 2025, and gazetted on February 14, 2025, to ensure public notification of the commencement date.
VIRGIN ISLANDS STATUTORY INSTRUMENT 2025 NO. 17 FINANCIAL SERVICES (EXCEPTIONAL CIRCUMSTANCES) (AMENDMENT) ACT, 2025 (No. 1 of 2025) A NOTICE MADE BY THE MINISTER OF FINANCIAL SERVICES, ECONOMIC DEVELOPMENT AND DIGITAL TRANSFORMATION UNDER SECTION 1(2) OF THE FINANCIAL SERVICES (EXCEPTIONAL CIRCUMSTANCES) (AMENDMENT) ACT, 2025 DECLARING THE DATE ON WHICH THE SAID ACT SHALL COME INTO FORCE [Gazetted 14th February, 2025] WHEREAS it is provided by section 1(2) of the Financial Services (Exceptional Circumstances) (Amendment) Act, 2025 (No. 1 of 2025) that the said Act shall come into force on such date as the Minister may, by Notice published in the Gazette, appoint; NOW THEREFORE, in exercise of the powers vested in me, I hereby appoint the 19th day of February, 2025 to be the date on which the Financial Services (Exceptional Circumstances) (Amendment) Act, 2025 shall come into force. Made by the Minister this 13th day of February, 2025. (Sgd.) Natalio Wheatley Minister of Financial Services, Economic Development and Digital Transformation.