Regulatory Alerts2024-12-27
Notice: Banks and Trust Companies (Amendment) Act, 2024
The Virgin Islands Minister of Financial Services, Economic Development and Digital Transformation has issued a statutory notice to establish the effective date for the Banks and Trust Companies (Amendment) Act, 2024. Exercising authority granted under Section 1(2) of the legislation, the Minister formally appoints January 2, 2025 as the date the amended banking and trust company regulations will take effect. This commencement notice was signed on December 19, 2024, and officially published in the Government Gazette on December 27, 2024.
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