Regulatory Alerts2025-09-30
Financial Services (Prudential and Statistical Returns) (Amendment) Order 2025
The Financial Services Commission of the Virgin Islands issued this Order to amend the Financial Services (Prudential and Statistical Returns) Order, 2020. The legislation revokes and substitutes Schedule 3 to establish a new annual return form for Trust and Corporate Services Providers, while also updating Section 10 to reference Schedule 10. The new Schedule 3 mandates detailed reporting on financial information, capital, insurance, fitness and propriety, governance, record keeping, internal audit, and specific business activities for licensees holding Class I through V trust and company management licenses.
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