Amendment to new regulations enabling exempt private trust companies to be established in the British Virgin Islands |
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| Authors: | Penn Renard |
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| Affiliation: | Correspondence: *Associate, Walkers, 171 Main Street, PO Box 92, Road Town, Tortola, British Virgin Islands. Tel: +284 852 2238; Fax: +284 494 6683;Email: renard.penn@walkersglobal.com |
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| Abstract: | The Financial Services (Exemptions) (Amendment) Regulations,2007 (the Amendment Regulations) were made bythe British Virgin Islands Cabinet on 27 December 2007.1 The Amendment Regulations amend the Financial Services (Exemptions)Regulations, 20072 by extending until 31 July 2008 the periodduring which paragraphs (c) and (d) of Direction 7 of the Banksand Trust Companies (Application Procedures) Directions, 1991(the Directions) apply. The effect |
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