On 24 February 2026, the Executive Council of Saint Helena convened to discuss and approve several significant policy changes. Among the key decisions was the approval of the Ship Registry Policy, 2026, which supersedes all previous versions. This updated policy aims to modernize the regulatory framework for the registration and safety of large fishing vessels, addressing gaps identified during the 2025 International Maritime Organisation (IMO) III Code Proxy Audit.
The Council also approved the Policy for the Safety of Large St Helena Registered Fishing Vessels and Foreign Registered Fishing Vessels, along with the corresponding Merchant Shipping (Safety of Large St Helena Registered Fishing Vessels and Foreign Registered Fishing Vessels) Regulations, 2026. These measures are designed to enhance the safety standards of fishing vessels operating under the St Helena flag.
In addition to maritime policies, the Executive Council deliberated on proposed changes to income tax thresholds and customs duties on alcohol, tobacco, and vaping products, set to take effect from 1 April 2026. These fiscal adjustments are part of the government's ongoing efforts to balance public health concerns with economic considerations.
Furthermore, the Council approved the Supplementary Appropriation (2025/26) Bill, 2026, which will be presented at the next formal meeting of the Legislative Council scheduled for 19 March 2026. This bill outlines additional budgetary allocations necessary for the fiscal year.
These policy decisions reflect the government's commitment to updating and strengthening the legal and regulatory frameworks governing maritime safety, taxation, and fiscal management in Saint Helena.
