Notice extending Financial Services (Exceptional Circumstances) Order, 2020 (S.I. 2020 No. 48) (2020-04-30)

Summary

This is a short notice from the BVI Financial Services Commission extending the operation of the Financial Services (Exceptional Circumstances) Order, 2020 (S.I. 2020 No. 32). Acting under section 18(2) of the Financial Services (Exceptional Circumstances) Act, 2020, the Commission extends the Order's application beyond its original 30 April 2020 end date for a further three months, so that it now runs until 31 July 2020.

• What it does: Extends the operation of the Financial Services (Exceptional Circumstances) Order, 2020 (S.I. 2020 No. 32) by three months.
• New end date: The Order's operation now ends on 31 July 2020, rather than 30 April 2020.
• Legal basis: Made under section 18(2) of the Financial Services (Exceptional Circumstances) Act, 2020 (No. 4 of 2020), which allows the Commission to extend the Act or any Order of general application made under it by Gazette notice.

The notice itself is procedural and does not set out new substantive requirements; it simply prolongs whatever exceptional circumstances relief or measures were established by the underlying Order (S.I. 2020 No. 32), which readers should consult separately for the actual operative provisions.

Deadlines

• 31st day of July, 2020: New end date for the operation of the Financial Services (Exceptional Circumstances) Order, 2020, as extended by this notice.