Regulatory Alerts2025-12-31
Financial Services (Limited Partnership Fees) (Amendment) Regulations, 2025
The Cabinet of the Virgin Islands, acting on the advice of the Financial Services Commission, issued these Regulations to amend the fee structure for limited partnerships under the Financial Services Commission Act. The amendment modifies Part I of Schedule 1 by deleting the fee for filing beneficial ownership information, setting it to zero, and updating the description for existing limited partnership registration fees. These Regulations come into force on the same date as the BVI Business Companies and Limited Partnerships (Beneficial Ownership) (Amendment) (No. 2) Regulations, 2025.
VIRGIN ISLANDS FINANCIAL SERVICES (LIMITED PARTNERSHIP FEES) (AMENDMENT) REGULATIONS, 2025 ARRANGEMENT OF REGULATIONS REGULATION
- Citation and commencement
- Schedule amended
2 VIRGIN ISLANDS STATUTORY INSTRUMENT 2025 NO. 122 FINANCIAL SERVICES COMMISSION ACT (REVISED EDITION 2020) Financial Services (Limited Partnership Fees) (Amendment) Regulations, 2025 [Gazetted31st December, 2025] The Cabinet, acting on the advice of the Financial Services Commission and in exercise of the powers conferred by section 62 of the Financial Services Commission Act, Revised Edition 2020 makes these Regulations: Citation and commencement
- (1) These Regulations may be cited as the Financial Services (Limited Partnership Fees) (Amendment) Regulations, 2025. (2) These Regulations shall come into force on the date that the BVI Business Companies and Limited Partnerships (Beneficial Ownership) (Amendment) (No. 2) Regulations, 2025 comes into force. Schedule amended
- The Financial Services (Limited Partnership Fees) Regulations, Revised Edition 2020 is amended in Part I of Schedule 1 (a) by deleting the reference to “53B(5)” in the first column and the related references in the second, third and fourth columns and substituting the following: “53B(5) Filing the name and address of a person specified in subsection (4)(a) that holds a limited partnership’s beneficial ownership information 0”; and (b) in relation to Part III of the Schedule to the Act, paragraph 18(1) in the first column, by deleting the reference in column 3 and substituting the following: “For filing by an existing limited partnership for
3 registration by the Registrar information required under sections 53A and 53B within the period specified in paragraph 18(1), subject to any extension of time by the Registrar under paragraph 18(2) in relation to the payment of fees”. Made by the Cabinet this 31st day of December, 2025. (Sgd.) Vicki Samuel-Lettsome, Acting Cabinet Secretary.