There was considerable legislative activity in Anguilla during the year 2005. Three significant pieces of legislation have been submitted to the House of Assembly as follows and it is anticipated that they will soon be enacted.

Remarks By His Excellency The Governor, Mr Peter Johnstone Cmg made at The Launch Of The Financial Services Commission, 2 February 2004, The Valley, Anguilla

The launching of the Financial Services Commission in effect demonstrates Anguilla’s recognition of the importance of sound regulation to the development and promotion of the financial services sector.

A new Insurance Act was passed by Anguilla in September 2004. The new Act covers the licensing and regulation of domestic insurance, offshore or foreign insurance, particularly captive insurance, and of insurance intermediaries i.e. agents, sub-agents, brokers and insurance managers.