ANNOUNCEMENT
The Centrale Bank van Curaçao en Sint Maarten (CBCS) hereby informs that it has updated its Policy Guidelines on Exemption Regulations for Investment Institutions.
The updated policy elaborates more in depth on the two criteria for Professional Parties1: 1) a minimum subscription amount and 2) the transferability of shares. These two criteria must be met to qualify an investment institution for the Professional Parties Exemption regulation under the National Ordinance on the Supervision of Investment Institution and Administrators (NOSIIA). Furthermore, the current minimum subscription threshold of USD 50,000 has been increased to a minimum subscription threshold amount of USD 100,000.
In addition, the CBCS has drafted an electronic Application Form for Exemption Request for Investment Institutions to guide applicants through all necessary documents and information required when applying for an exemption under the NOSIIA.
Willemstad, November 17, 2023
CENTRALE BANK VAN CURACAO EN SINT MAARTEN