Regulatory Alerts2024-12-04
Limited Partnership (Amendment) Regulations, 2024
The Cabinet of the Virgin Islands issued these regulations to amend the Limited Partnership Regulations, Revised Edition 2020, following advice from the Financial Services Commission. The amendments establish strict residency, experience, and licensing requirements for individuals appointed as voluntary liquidators of limited partnerships. Additionally, the rules define filing procedures for liquidators, mandate the collection and retention of liquidation records for five years, and update the contents and validity periods of certificates of good standing.
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