2024-12-24

Financial Services (Prudential and Statistical Returns) (Amendment) Order, 2024

The Financial Services Commission of the Virgin Islands issued this Order to amend the Financial Services (Prudential and Statistical Returns) Order, Revised Edition 2020. The amendment modifies Schedule 9 by inserting a new subparagraph requiring Virtual Asset Service Providers registered under the Virtual Assets Service Providers Act to submit specific returns. This Order was gazetted on December 24, 2024, and is deemed to have come into force on December 1, 2024.

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VIRGIN ISLANDS FINANCIAL SERVICES (PRUDENTIAL AND STATISTICAL RETURNS) (AMENDMENT) ORDER, 2024 ARRANGEMENT OF SECTIONS SECTION

  1. Citation and commencement
  2. Schedule 9 amended

2 VIRGIN ISLANDS STATUTORY INSTRUMENT 2024 NO. 72 FINANCIAL SERVICES COMMISSION ACT (REVISED EDITION 2020) Financial Services (Prudential and Statistical Returns) (Amendment) Order, 2024 [Gazetted 24th December, 2024] The Financial Services Commission, acting in accordance with the powers conferred on it by section 56A of the Financial Services Commission Act, Revised Edition 2020, makes the following Order: Citation and commencement

  1. (1) This Order may be cited as the Financial Services (Prudential and Statistical Returns) (Amendment) Order, 2024. (2) This Order shall be deemed to have come into force on the 1 st day of December, 2024. Schedule 9 amended
  2. The Financial Services (Prudential and Statistical Returns) Order, Revised Edition 2020, is amended in Schedule 9 in paragraph (a) by (a) deleting the word “and” at the end of subparagraph (ii); (b) inserting the word “and” at the end of subparagraph (iii); and (c) inserting after subparagraph (iii) the following new subparagraph: “(iv) a person registered as a Virtual Asset Service Provider (VASP) pursuant to section 7(1) of the Virtual Assets Service Providers Act, No. 17 of 2022.”.

Made by the Financial Services Commission on the 19 day of December, 2024. (Sgd.) Kenneth Baker Managing Director Financial Services Commission.