Regulatory Alerts2023-03-21
Financial Services Commission (Amendment) Act, 2023
The Legislature of the Virgin Islands enacted this Act to amend the Financial Services Commission Act, Revised Edition 2020. The legislation inserts a new section 33G mandating that the Commission provide timely feedback on the use and usefulness of assistance received from or provided to foreign regulatory authorities and other persons. This requirement applies to the exchange of information, documents, or other materials in any form.
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