VANUATU FINANCIAL REGULATORY BODIES TAKE CENTER STAGE

Strengthening Vanuatu’s Financial Landscape

In a significant move to enhance transparency and accountability in the country’s finance sector, several regulatory bodies in Vanuatu have introduced new measures. These bodies, responsible for overseeing various aspects of the financial landscape, have implemented fees for services rendered.

New Fees Implemented

Reserve Bank of Vanuatu

• Upfront payment of VUV5,000 for financial dealers license applications
• Annual renewal filings requiring a similar deposit of VUV5,000
• Associations seeking to file their annual reports must pay VUV5,000

Vanuatu Financial Services Commission (VFSC)

• Upfront payment of VUV30,000 for annual return filings

Enhancing the Regulatory Environment

These measures aim to strengthen the regulatory environment in Vanuatu, ensuring that all financial institutions and entities operating within the country adhere to strict standards of transparency and accountability. This move is seen as a major step towards:

• Enhancing financial stability
• Boosting credibility on the global stage

By implementing these new fees, Vanuatu’s regulatory bodies are demonstrating their commitment to maintaining a robust and transparent financial system, ultimately benefiting both local businesses and international investors alike.