Regulatory Alerts2024-12-24
Financial Services (Limited Partnership Fees) (Amendment) (No. 2) Regulations, 2024
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 Commission Act. The amendments modify Schedule 1 of the Financial Services (Limited Partnership Fees) Regulations by deleting outdated references and inserting a new fee of fifty dollars for filing changes in beneficial ownership information. Additionally, the regulations introduce a zero-dollar fee for existing limited partnerships registering information required under sections 53A and 53B, with the provisions coming into force on January 2, 2025.
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