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Anguilla Financial Services
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Tel: +1264 4973881
Fax: +1264 4975872
P O Box 60
The Secretariat
By Carlyle Rogers
The Anguilla Financial Services Commission today granted its fast-track procedure for the domiciliation of hedge and mutual funds to local fund administrator, Folio Administrators (Anguilla) Limited. The fast track procedure formally known as the qualified fund administrator/intermediary status was created by the Commission to provide for the efficient formation of hedge and mutual funds within 24 hours.
By Carlyle Rogers
This policy guidance sets out a strategy for addressing the fast tracking of private and professional funds, which are required to be recognized under the Mutual Funds Act 2004 ("the Act") with the view towards establishing Anguilla as a jurisdiction of choice in the offshore mutual funds industry.
By Carlyle Rogers
The new Mutual Funds Act 2004 came into effect on 1st October 2004. It covers the registration of public funds, recognition of private and professional funds and licensing of administrators and managers. Under the Act, a mutual fund refers to a company incorporated, a partnership formed, a unit trust organized or other similar body formed under the laws of Anguilla or any other jurisdiction that collects and pools investor monies for the purpose of investing collectively.
By John Lawrence
A new Insurance Act was passed by Anguilla in September 2004. The new Act covers the licensing and regulation of domestic insurance, offshore or foreign insurance, particularly captive insurance, and of insurance intermediaries i.e. agents, sub-agents, brokers and insurance managers.
By John Lawrence
Speech made by Mr. John Lawrence, the newly appointed Director of the Financial Services Commission at the Launch of the Financial Services Commission, 2 February 2004, The Valley, Anguilla
Remarks By His Excellency The Governor, Mr Peter Johnstone Cmg made at The Launch Of The Financial Services Commission, 2 February 2004, The Valley, Anguilla
The launching of the Financial Services Commission in effect demonstrates Anguilla’s recognition of the importance of sound regulation to the development and promotion of the financial services sector.
By John Lawrence
Anguilla, a British Overseas Territory, is a relatively recent international financial services jurisdiction. The main pieces of legislation, which were either new or brought up to date since 1995, were:
By Lanston Connor
In 1995, the Government of Anguilla took the decision to develop the financial services sector as a means of strengthening and diversifying the overall economic base and to provide another employment source for Anguillians many of whom were obtaining university educations
By Lanston Connor
By Hon. Victor Banks, Hon. Victor Banks
By Alan Jones, Alan Jones