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.

Anguilla’s position in the global offshore financial services industry has never looked more promising. The main factors which set Anguilla apart are: its stable constitutional position as a British Overseas Territory; its well regulated and competent financial services industry; its status as a true zero-tax jurisdiction; and its market leading, state-of-the-art, Anguilla Commercial Online Registration Network (ACORN), which revolutionises the company formation process.

The trademark and intellectual property laws of Anguilla were revised in 2002 to comply with the WTO Agreement on Trade Related Aspects of Intellectual Property Rights (TRIPS).

Speech made by Mr. John Lawrence, the newly appointed Director of the Financial Services Commission at the Launch of the Financial Services Commission, 2 February 2004, The Valley, Anguilla