Virgin Islands Special Trusts (Amendment) Act, 2021 (No. 13 of 2021)

Summary

This is a short amendment act that updates the Virgin Islands Special Trusts Act, 2003. It makes a single technical change to a cross-reference in section 12(4) of the principal Act, and does not otherwise alter substantive obligations on its face.

• Amendment made: Section 12(4) of the Virgin Islands Special Trusts Act, 2003 is amended by deleting the reference to section 58 and substituting a reference to sections 58 and 58B.
• Commencement: The Act comes into force on a date to be appointed by the Minister via Notice published in the Gazette, rather than on a fixed date in the Act itself.

Because the amendment only changes a statutory cross-reference, practitioners advising on VISTA trusts should check the updated section 12(4) alongside section 58B of the principal Act to understand the practical effect of the change once it takes effect.

Applies to

trustees of special trusts (VISTA trusts), trust companies administering Virgin Islands Special Trusts

Deadlines

• such date as the Minister may appoint by Notice published in the Gazette: Commencement of the Virgin Islands Special Trusts (Amendment) Act, 2021 is not automatic and depends on a Ministerial Notice fixing the effective date.