RegAlert

Rule · FSC · 24 Dec 2024

Financial Services (Limited Partnership Fees) (Amendment) (No. 2) Regulations, 2024

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The Cabinet of the Virgin Islands, acting on the advice of the Financial Services Commission, issued these Regulations to amend the fee schedule under the Financial Services Commission Act. The amendments modify Schedule 1 of the Financial Services (Limited Partnership Fees) Regulations by deleting outdated references and inserting a new fee of fifty dollars for filing changes in beneficial ownership information. Additionally, the regulations introduce a zero-dollar fee for existing limited partnerships registering information required under sections 53A and 53B, with the provisions coming into force on January 2, 2025.

British Virgin IslandsBritish Virgin Islands Financial Services Commission

VIRGIN ISLANDS
FINANCIAL SERVICES (LIMITED PARTNERSHIP FEES) (AMENDMENT) (NO. 2) REGULATIONS, 2024 ARRANGEMENT OF REGULATIONS REGULATION

  1. Citation and commencement
  2. Schedule 1 amended

2
VIRGIN ISLANDS
STATUTORY INSTRUMENT 2024 NO. 71
FINANCIAL SERVICES COMMISSION ACT (REVISED EDITION 2020) Financial Services (Limited Partnership Fees) (Amendment) (No. 2) Regulations, 2024 [Gazetted 24th December, 2024] The Cabinet, acting on the advice of the Financial Services Commission and in exercise of the powers conferred by section 62 of the Financial Services Commission Act, Revised Edition 2020, makes these Regulations:
Citation and commencement

  1. (1) These Regulations may be cited as the Financial Services (Limited
    Partnership Fees) (Amendment) (No. 2) Regulations, 2024. (2) These Regulations shall come into force on the 2 nd day of January, 2025.
    Schedule 1 amended
  2. The Financial Services (Limited Partnership Fees) Regulations, Revised
    Edition 2020, are amended in Schedule 1 in Part I by (a) deleting the reference to section 53B(8) in column 1 and the related references in the second, third and fourth columns and substituting the following:
    “53B(8) Filing a change in beneficial ownership information 50”; (b) by inserting in the appropriate numerical order, the following:
    “Part III of the
    Schedule
    to the
    Act, paragraph
    18(1)
    For filing by an existing limited partnership for registration by the Registrar information required under sections 53A and 53B within the period specified in paragraph 18(1) 0”. Made by the Cabinet this 24th day of December, 2024. (Sgd.) Sandra Ward, Cabinet Secretary.

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Act of 2020Not in RegAlertAct of 2020 — Not in RegAlertRegulation of 2020Not in RegAlertRegulation of 2020 — Not in RegAlertFinancial Services (LimitedPartnership Fees) (Amendment)…2024-12-24 · this documentFinancial Services (Limited Partnership Fees) (Amendment) (No. 2) Regulations, 2024 (2024-12-24)
amendssupersedesissued underrefers todashed card: not in RegAlert (or proposed)arrows run from the older text to the one that changes it
The links and the sentences they come from (2)
Amends
  • Regulation of 2020Not in RegAlert

    “The Financial Services (Limited Partnership Fees) Regulations, Revised Edition 2020, are amended in Schedule 1”

Issued under
  • Act of 2020Not in RegAlert

    “in exercise of the powers conferred by section 62 of the Financial Services Commission Act, Revised Edition 2020”

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Source: British Virgin Islands Financial Services Commission — original document · Summary generated with machine assistance and reviewed before publication; the authoritative text is the regulator's original document. How RegAlert works

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