New fee structure in effect for the approval of Compliance Officers

Effective 1 January, 2015 there is no longer a distinction in the fees applicable for persons approved to act as a Compliance Officer.  Approved Compliance Officers (all Tiers) will now incur a $400.00 approval fee.  The fee structure is detailed in the Financial Services Commission (Fees)(Amendment) Regulations, 2014 which was gazetted on 29 December, 2014 and is available on the Virgin Islands Official Gazette and Commission’s websites.

Direct enquiries regarding applications for the approval of Compliance Officers should be sent to Eugenie Barry-George at barrye@bvifsc.vg.

The application fee for the approval of a Compliance Officer remains unchanged at $150.00.