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Legislation

Anti-Money Laundering And Counter-Terrorism Financing Act No. 13 of 2014

Copies of the original  Anti-Money Laundering And Counter-Terrorism Financing Act can be found here:

Business Names Act [CAP 211] and Amendments

Copies of the original Business Names Act can be found here:

Please note that it has been subsequently amended. The amendment can be found in here:

Charitable Associations (Incorporation) Act [CAP.140] and Amendments

Copies of the original Charitable Associations (Incorporation) Act can be found here:

Please note that it has been subsequently amended. The amendment can be found in here:

Companies Act No.25 of 2012

Copies of the original Companies Act can be found here:

Please note that it has been subsequently amended. The amendment can be found in here:

Company and Trust Services Providers Act No.8 of 2010

Company and Trust Services Providers (Amendment) Act No 8 of 2017. Copies of the original Company and Trust Services Providers Act can be found here:

Please note that it has been subsequently amended. The amendment can be found in here:

Companies (Insolvency and Receivership) Act No.3 of 2013

Copy of the original Companies (Insolvency and Receivership) Act No.3 of 2013 can be found here:

Credit Unions Act [CAP 256] and Amendments

Copies of the original Credit Unions act can be found here:

Please note that it has been subsequently amended. The amendment can be found in here:

Financial Dealers Licensing Act [CAP 70] and Amendments

VFSC SUPERVISION

ADHERING TO INTERNATIONAL STANDARDS AND BEST PRACTICES

The Supervision Department of the VFSC is responsible for Financial Dealers Licensing  and supervision. For more information regarding financial dealers licensing please contact : Ms. Hanson Moli , Email: hmoli@vfsc.vu.

FDL Legislation’s

Copies of the original Financial Dealers Licensing Act can be found here:

Please note that it has been subsequently amended. Historical version of the Financial Dealers Licensing Act-previously known as “Prevention of Fraud (Investments) Acts” and the “Dealers in Securities (Licensing) Act”-can be found on PacLii Vanuatu legislation section http://www.paclii.org/countries/vu.html . Other amendments can be found in here:

List of Licensees:

Remittance Information:

Forms:

Financial Dealers Licensing Guidelines:

2023

2021

2017

Notice:

E-Business Act No.25 of 2000 and Amendments

Copies of the original E-Business Act can be found here:

Please note that it has been subsequently amended. The amendment can be found in here:

Electronic Transactions Act No.24 of 2000 and Amendments

Copies of the original E-Business Act can be found here:

Please note that it has been subsequently amended. The amendment can be found in here:

Financial Institutions Act No.2 of 1999 and Amendments

Copies of the original Financial  Institutions Act can be found here:

Please note that it has been subsequently amended. The amendment can be found in here:

Foundation Act No.38 of 2009

Copies of the original Foundation Act can be found here:

Incorporated Cell Companies Act No. 25 of 2009

Insolvency (Cross-border) Act No 4 of 2013

Copies of the original Insolvency (Cross-border) Act can be found here:

International Banking Act No.4 of 2002 and Amendments

Copies of the original International Banking Act can be found here:

Please note that it has been subsequently amended. The amendment can be found in here:

International Companies Act [CAP.222] and Amendments

Copies of the original International Companies Act can be found here:

Please note that it has been subsequently amended. The amendment can be found in here:

Mutual Funds Act No.38 of 2005

Copies of the original Mutual Funds Act can be found here:

Below are the Mutual Funds Licence application and Guidelines:

A FAQ document will soon be available for clients to access.

Offshore Limited Partnerships Act No.39 of 2009

Copies of the original Offshore Limited Partnerships Act can be found here:

Partnership Act [CAP 92]

Copies of the original Partnership Act can be found here:

Personal Property Securities Act No 17 of 2008

Copies of the original Personal Property Securities Act can be found here:

Please note that it has been subsequently amended. The amendment No. 34 of 2009 can be found in here:

Protected Cells Companies Act No 37 of 2005 and Amendment

Copies of the original Protected Cells Companies Act can be found here:

Please note that it has been subsequently amended. The amendment can be found in here:

Stamp Duties Act [CAP 68] and Amendments

Copies of the original Stamp Duties Act can be found here:

Please note that it has been subsequently amended. The amendment can be found in here:

Trade Unions Act (CAP 161)

Trade Unions – Fees and Penalties

Trade Unions – Fees and Penalties

 

FINES AND PENALTIES UNDER THE ACT
Registration of Trade Union VT5,000
Section 30 (3) if any registered trade union:

(a) operates without having a registered office and registered postal address, or without giving notice of the situation of its registered office or its registered postal address as required by sub section (2);

or

(b) operates at any place to which its registered office may have been removed without having given notice or the change in the situation thereof to the Registrar;
The trade union and every officer thereof or other person bound by its rules to give such notice shall be guilty of an offense. Penalty     VT1,000 for each day on which the offense continues.
Every person who with intent to defraud makes or causes or procures to be made any false entry, or omission from, any statement, copy or list delivered to the Registrar under Section 39 shall be guilty of an offense. Penalty a fine not exceeding VT100,000 and imprisonment for term not exceeding 3 years.

Any officer or member of a trade union who falsify accounts pursuant to Section 40 shall be guilty of an offense. Penalty a fine not exceeding VT100,000 and imprisonment for a term not exceeding 3 years.Any person who attempts to coerce membership pursuant to section 52 shall be guilty of an offense. Penalty a fine not exceeding VT100,000 and imprisonment for a term not exceeding 3 years.

Out of time fees:

Upon forwarding to Registrar and annual return under section 39

Unit Trusts Act No. 36 Of 2005

Copies of the original Prevention of Fraud (Investments) Act can be found here:

Vanuatu Financial Services Commission Act No.35 of 1993