LS \¥ zin Islands Office oft. Lieutenant Governor

Division of Banking and Insurance



Kongens Gade No. [8, Charlotte Amalie, St. Thomas, USVI, 00802 - (340) 774-7166 + Fax (340) 774-9458



No. 2A/2005



ORDER



WHEREAS, on February 10, 2005, the Administrator of the Uniform

Securities Act issued Order No. 2 pertinent to effecting an initial notice

filing in concert with 9 V.LC. § 622(a) as set forth in Act 6678; and



WHEREAS, 9 V.LC. § 622(a), as enacted into law by Act 6678, was

amended by Act 6727 which became effective on March 5, 2005



NOW, THEREFORE, the premises having been considered as set

forth above, and the Administrator having found that this Order, in concert

with 9 V._LC. § 665, is necessary or appropriate in the public interest and is

consistent with the purposes of the Uniform Securities Act; it is hereby



ORDERED that Order No. 2, issued on February 10, 2005, is

amended as follows:



a) The fourth paragraph thereof is amended to read:



“ORDERED that a person making an initial notice filing on



behalf of an investment company must submit to the Division

of Banking and Insurance the following:

Either a Form NF (Uniform ..ivestment Company Notice

Filing); or all records that are part of a federal

registration statement filed with the SEC (Securities and

Exchange Commission);



2. Form U-2 (Consent to Service of Process);and

3. A filing fee of $500 per fund or trust.”

b) The fifth Paragraph thereof is amended to read:



“FURTHER ORDERED that, in accordance with I VIC. §

622(c), a person making a Notice Filing for a security being



offered pursuant to Regulation D 505 or D 506, shall file,

within 15 days after the first sale in the Virgin Islands:



l. Form D (Notice of Sale of Securities Pursuant to

Regulation D, Section 4 (6), and/or Uniform Limited

Offering Exemption), including Part E and the appendix;



2. Form U-2 (Consent to Service of Process);



3. A filing fee of $500.00; provided, however, that late

filings shall be subject to a late fee of $600; and



4. A cover letter noting the first day of sale in the Virgin

Islands.”



th .



4



Dated this 7.27 day of March 2005 at St. Thomas, U.S irgin Wlands.



WN tHe

{ r ‘St ed :

“er A et eZ Oe eee



——



Deverita Carty Sfurdi vant



Director



Designee of the Lieutenant Govermor/

Securities Administrator