Wednesday, January 20, 2016

KINGSTON, Jamaica — The House of Representatives took another step closer to creating a regime for the establishment of a modern financial services industry in Jamaica, when it passed two essential Bills – ‘The Limited Partnership Act, 2015’ and ‘The General Partnership Act, 2015’, yesterday.

Minister of Industry, Investment and Commerce, Anthony Hylton, said that they were among seven Bills which have been proposed toward the goal of introducing a modern financial services hub in Kingston.

“The goal is to create the framework for the development of a financial services sector that reflect the demands of a global environment, where the sophisticated global investor is looking for investment and banking vehicles that are able to accommodate their needs,” Hylton said.

He added that the country was on the cusp of launching its own international financial services hub, and joining other Caribbean countries which are already sharing in an international financial sector estimated at US$7 trillion, globally.

http://www.jamaicaobserver.com/news/Bill-passed-to-improve-Jamaica-s-financial-services-sector