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| Bills would update financial services rules |
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| Written by JASON SMITH |
| Wednesday, 26 September 2012 14:13 |
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After the start of the global financial crisis in 2008,
the international outcry against offshore financial centres grew louder. Regulatory bodies heaped more pressure on jurisdictions like the Virgin Islands, imploring them to enhance their financial services regulatory regimes.
In December 2010 VI officials responded to scrutiny from the International Monetary Fund, the Caribbean Financial Action Task Force and the United Kingdom by drawing up a 21-page matrix of the reviewers’ recommendations to update the rules governing the sector. Four draft bills published in the Gazette on Sept. 19 could enact some of those recommendations into law. Three of the bills are amendments that would tweak the existing Mutual Legal Assistance [Tax Matters], Securities and Investment Business, and Partnership acts.
See the Sept. 27, 2012 edition for full coverage. |
Students danced in pairs in the Sir Rupert Briercliffe Hall during the Elmore Stoutt High School’s annual Spring Concert on Saturday.
The Elmore Stoutt High School hosted its 42nd annual Inter-House Track and Field Championship Games at the A.O. Shirley Recreational Grounds last week.
