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2020-01-01

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Financial Services (Recognised Custodians) Order (Revised 2020)

The Financial Services Commission of the Virgin Islands issued this Order to formally recognize specific entities as custodians of bearer shares. The document designates ten international depositories and clearing corporations, including The Depository Trust Company and Euroclear, as approved custodians. The Commission retains the authority to amend the schedule to add or remove persons from the list of recognized custodians at any time.

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British Virgin Islands

British Virgin Islands Financial Services Commission

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LAW OF VIRGIN ISLANDS Financial Services (Recognised Custodians) Order 127 Revision Date: 1 Jan 2020 [Statutory Instrument] FINANCIAL SERVICES (RECOGNISED CUSTODIANS) ORDER– SECTION 50B(1) (S.I. 46/2009) Commencement [1 July 2004] Short title

  1. This Order may be cited as the Financial Services (Recognised Custodians) Order. List of recognised custodians
  2. (1) The list of persons outlined in the Schedule are recognised by the Financial Services Commission as recognised custodians of bearer shares. (2) The Financial Services Commission may from time to time amend the Schedule to add or remove persons as recognised custodians.

SCHEDULE (Section 2(1))

  1. The Canadian Depository for Securities
  2. The Central Depository (Pte) Ltd (Singapore)
  3. The Central Moneymarkets Unit (Hong Kong)
  4. Clearstream Banking Luxembourg
  5. The Depository Trust Company (USA)
  6. Euroclear
  7. Hong Kong Securities Clearing Company Ltd
  8. Indeval (Mexico)
  9. The National Securities Clearing Corporation (USA)
  10. SIS SegaInterSettle AG (Switzerland)
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