Regulatory Alerts2020-04-02
Public Funds (Amendment) Code, 2020
The Financial Services Commission of the Virgin Islands amended Section 15 of the Public Funds Code by inserting a new paragraph requiring fund property to be valued at least annually. This statutory instrument adjusts existing punctuation and structural references while formally establishing the annual valuation mandate for regulated entities. Deemed effective upon the commencement of the 2019 Amendment Act, the updated Code directly governs ongoing valuation compliance standards.
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