2021-08-12

Limited Partnership (Restricted Limited Partnership Names) Notice, 2021

The Financial Services Commission of the Virgin Islands issued this notice to prohibit the use of specified words, phrases, and abbreviations in limited partnership names without prior regulatory approval. Under the Limited Partnership Act, 2017, the Registrar must refuse registration for any entity incorporating these restricted terms unless the Commission provides explicit written consent. When consent is granted for an abbreviated designation, the approved limited partnership may alternatively use the full name or add optional full-stops to the abbreviation.

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British Virgin Islands

British Virgin Islands Financial Services Commission

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VIRGIN ISLANDS LIMITED PARTNERSHIP (RESTRICTED LIMITED PARTNERSHIP NAMES) NOTICE, 2021 ARRANGEMENT OF SECTIONS Section

  1. Citation.
  2. Restricted words, phrases or abbreviations. SCHEDULE

2 STATUTORY INSTRUMENT 2021 NO. 105 LIMITED PARTNERSHIP ACT, 2017 (No. 24 of 2017) Limited Partnership (Restricted Limited Partnership Names) Notice, 2021 [Gazetted 12th August, 2021] The Financial Services Commission, in exercise of the powers conferred by section 13 (3) of the Limited Partnership Act, 2017 (No. 24 of 2017), issues the following Notice:

  1. This Notice may be cited as the Limited Partnership (Restricted Limited Partnership Names) Notice, 2021.
  2. (1) The words and phrases listed in the Schedule, including any derivative or cognate term or other foreign language translation of the words or phrases and whether or not the words or phrases are spaced, in brackets or punctuated or are in the singular or plural, are specified as restricted words or phrases. (2) Where an abbreviation contained in the Schedule is used as part of the name of a limited partnership, a full-stop may be placed at the end of the abbreviation or between the abbreviated letters. (3) The Registrar shall not register a limited partnership that has a restricted word or phrase in its name unless the Commission has given its prior written consent to the use of the word or phrase. (4) Where the Commission consents to the use of a restricted name which can be designated in an abbreviated form, the limited partnership to which the restricted name relates may use either the full or the abbreviated form of the restricted name as part of the limited partnership’s name. Citation. Restricted words, phrases or abbreviations

3 SCHEDULE Adjuster Company Registry Funding Law Reinsurance Ahorra Cooperative FX Lease Reinsured Annuity Cooperative Society Gambling Leasing Reinsurer Anonima Credit Gaming Liability Re-assured Anonyme Critical Illness Geldmittl Life Re-Assurer Arbitrage Crown Government Life and Health Re-insurance Asset Management Currency Governor Liquidation Risk Association Deposit Guarantee Liquidator Royal Assurance E-change Guaranteed Litigation Insurance Saving Assurer Exchange Hedge LLC Savings and Loans Authorised Representative e-bank Hedge Fund LLP School Banc e-commerce HMS Lloyds Securities Banco e-Financing IBC Loan Segregated Portfolio Company Bancorp e-Fund Imperial Loss Adjuster Segregated Portfolio Partnership Bank e-gaming Indemnity Lottery SPC Banker e-Insurance Insolvency Majesty SPP Bankrupt e-Investment Insolvent Malpractice Sovereign Bankruptcy e-money Insurance Money Special Purpose Vehicle Banque e-Money Services Insured Money Services SPV Belegginsfonds e-savings Insurer Mutual Surety (Belegginsfonds) e-Trust Insurance Agent Mutual Fund Suretyship Betting Extended Coverage Insurance Broker Official Liquidator Third Party Administrator

4 Bingo Extended Warranty Insurance Brokerage Official Receiver Transmission British Fidelity Insurance Consultant Official Trustee Trust Broker Fiduciaire Insurance Manager Partnership Trust Company Brokerage Fiduciare Intermediary Permanent Health Trust Corporation Building Society Fiduciary Island Pharmacy Trustee Bureau Financing i-bank Portfolio Trustee Company Caja Financing Business i-financing Property and Casualty Underwrite Capital Markets Fondo i-Forex Protected Cells Underwriter Captive Fondos Mutude i-fund Provident Underwriting Casualty Fondos Mutuds i-gaming Prudential University Chamber of Commerce Fondos Mutuos i-insurance Reassured Change Foreign Exchange i-investment Reassurer Chartered Foreign Insurer i-Money Receiver Church Forex i-Money Services Receivership College Foundation i-Securities Registered Agent Companies Registry Fund i-Trust Registry Issued by the Financial Services Commission this 11th day of August, 2021. (Sgd.) Kenneth Baker Managing Director/CEO Financial Services Commission