National Bank of the Virgin Islands

A directive was issued pursuant to section 40(1) (a) and (b) of the Financial Services Commission Act, 2001 to the National Bank of the Virgin Islands requiring the Bank to fully comply with the Notice issued under section 36A (1) of the Financial Services Commission Act, 2001 regarding the appointment of the qualified person, and to refrain from expanding or introducing new products and services without the prior written approval of the Commission.