Banks and Trust Companies (Amendment) Act, 2024 - Commencement Notice (SI 2024 No. 76)

Summary

This is a short commencement notice issued by the BVI Minister of Financial Services under section 1(2) of the Banks and Trust Companies (Amendment) Act, 2024. It does not itself change any substantive requirements; it simply fixes the date on which that amendment Act takes legal effect.

• Instrument: Statutory Instrument 2024 No. 76, gazetted 27 December 2024, made by the Minister on 19 December 2024.
• Effect: Declares that the Banks and Trust Companies (Amendment) Act, 2024 (No. 17 of 2024) comes into force on 2 January 2025.

Readers who need to understand the actual new requirements should consult the text of the Banks and Trust Companies (Amendment) Act, 2024 itself, since this notice contains no substantive provisions beyond the commencement date.

Applies to

banks, trust companies

Deadlines

• 2 January 2025: Date on which the Banks and Trust Companies (Amendment) Act, 2024 comes into force