Rule · FSC · 13 May 2021
The Legislature of the Virgin Islands enacted this amendment to modify Section 12 of the Virgin Islands Special Trusts Act, 2003. The legislation specifically replaces the statutory reference to "section 58" with "sections 58 and 58B" in subsection (4). The Act takes effect on a date designated by the Minister via Gazette notice, ensuring updated regulatory alignment for registered special trusts.
No. 13 of 2021
VIRGIN ISLANDS
VIRGIN ISLANDS SPECIAL TRUSTS (AMENDMENT) ACT, 2021 ARRANGEMENT OF SECTIONS
Section
1…Short title and commencement.
2…Section 12 amended.
2
No. 13 of 2021 Virgin Islands Special Trusts Virgin (Amendment) Act, 2021 Islands I Assent (Sgd.) John J. Rankin, CMG Governor. 7th May, 2021 VIRGIN ISLANDS No. 13 of 2021 An Act to amend the Virgin Islands Special Trusts Act, 2003 (No. 10 of 2003) and for other matters connected therewith. [Gazetted 13th May, 2021] ENACTED by the Legislature of the Virgin Islands as follows:
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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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