VFSC 2008 News
Regulatory function for credit unions and insurance moves to the Reserve Bank of Vanuatu, Vanuatu went the polls on 6 September to elect its 52 members of Parliament, VFSC appoints Expert to provide advice on Insurance and related maters, Future of the Vanuatu Offshore Centre, Personal Property Security Act (PPSA), Amendments to the UK Patents & Trademarks Acts, E-Business,...
VFSC appoints Expert to provide advice on Insurance and related maters
- Published by VFSC
- Published in: 2008
The Vanuatu Financial Services Commission (VFSC) is pleased to announce the appointment of Mr. William McCullough as the Commission’s new Advisor on Insurance matters effective 15 July 2008 for a period of 2 years. Mr. McCullough brings to the VFSC over 30 years international experience in the insurance industry, regulation and supervision.
E-Business
- Published by VFSC
- Published in: 2008
The Vanuatu Parliament passed an amendment to the E-Business Act during its second ordinary session (November and December) of 2007. The amendments to the Act makes the ‘cybersuite’ an attractive and cost-effective means by which persons engaged in e-commerce can conduct their business operations through a legal entity - without the need to meet relatively high establishment and on-going maintenance costs. The amendments place Vanuatu as a unique jurisdiction in which to engage in e-commerce.
Personal Property Security Act (PPSA)
- Published by VFSC
- Published in: 2008
Vanuatu enacted a PPSA in March 2008. Work on completing the Regulations and the establishment of a filing office for security interests to be established within the VFSC is well under way. The new framework will be instrumental for enhancing access to finance in Vanuatu.
Future of the Vanuatu Offshore Centre
- Published by VFSC
- Published in: 2008
Message From Minister of Finance & Econiomic Management,Honourable Willie Jimmy Tapangararua MP
The Honourable Minister of Finance and Economic Management, Willie Jimmy Tapangararua convened a meeting on 6 June 2008 at the Reserve Bank of Vanuatu offices to discuss the future of the Vanuatu Offshore Finance Centre. The Meeting brought together representatives from the government, regulators and industry.