Regulatory AlertsFinancial Services (Fees) Regulations (Revised 2020)
The Virgin Islands Financial Services Commission issues these regulations to establish non-refundable fees payable for licensing and regulatory services under various financial statutes. The document mandates specific annual renewal deadlines for banks, trust companies, insurers, and securities businesses, with payments due by January, February, or March respectively. It details a comprehensive schedule of application and issuance fees in US dollars for banking, trust, insurance, and company management licenses, including tiered costs based on license class and premium volume.
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