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BVI Financing and Money Services Business Rules to Take Effect March 2010
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Financing and Money Services Act 2009 |
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Authors: | | James McConvill, Michael J Burns |
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| Published: |
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Jan 2010 |
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| Synopsis: |
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In May 2009, the House of Assembly in the British Virgin Islands (BVI) passed the Financing and Money Services Act 2009 (the "Act"). It has now been announced that the Act will take effect on 31 March 2010. The date set for the Act to come into effect has been delayed until now, as it was intended that the Act would not take effect until the BVI Regulatory Code 2009 (the "Code") was in operation.
The Code is to come into effect on 1 February 2010. Part VI of the Code, which will take effect on 31 March 2010, regulates those holding a licence to conduct "money services business" in or from within the BVI. |
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| Practice Area: | | Corporate & Commercial |
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| Jurisdiction: | | British Virgin Islands |
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| Download: |
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File size: 575 KB - Number of pages: 3 |
For more information download: BVI Financing and Money Services.
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