Regulatory AlertsFinancial Services (Miscellaneous Exemptions) Regulations (Revised 2020)
The Virgin Islands Financial Services Commission issues these regulations to grant specific exemptions from compliance requirements under various financial services enactments. The rules exempt certain licensees, such as small entities and foreign-regulated firms, from appointing compliance officers or auditors, while allowing the Commission to waive audited financial statement submissions for inactive or low-cost entities. Additionally, the regulations provide exemptions for Lloyd’s intermediaries, incidental business activities, and share transfers for publicly traded companies.
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