TRC framework
The Telecommunications Regulatory Commission last week announced plans to revise its spectrum management framework, which it first developed in 2011 to outline policies for promoting the economic and socially efficient use of the territory’s spectrum. The TRC said that given the continued growth in the demand for mobile data services, the emergence of 5G standards, and the development of new services, the regulator believes it is important to revise its policies.To that end, the commission has appointed international advisors from the consulting firm Frontier Economics Limited to assist in the development of the new framework. As an initial step, the TRC is currently undertaking a series of meetings with stakeholders. The regulator will subsequently publish a consultation on its draft proposals, with a view to gathering further feedback from interested parties. “We plan to ensure that [the framework’s] spectrum management policies remain fit for purpose and reflect anticipated developments in the sector over the next five to 10 years,” the TRC announcement stated.
FSC notice
The Financial Services Commission issued notices on Monday about two entities — Private Partners & Associates and Private Placement Associates — which allegedly are falsely purporting to be licensed in the Virgin Islands. The FSC stated that neither entity is licensed in the VI, warning members of the public to “exercise extreme caution in conducting business” with either firm.