Financial Services Commission (Barbados)

Financial Services Commission (FSC)

Agency overview
Formed	April 1, 2011 (2011-04-01)
Preceding agencies	Securities Commission Supervisor of Insurance Co-operatives Department
Jurisdiction	Government of Barbados
Headquarters	Bay Corporate Building, Bay Street, St. Michael, Barbados 13°4′54.93″N 59°36′27.31″W
Minister responsible	Mia Mottley
Agency executives	Oliver Jordan, Chairman Warrick Ward, Chief Executive Officer Rosina Knight, Deputy Chief Executive Officer Supervision & Regulation
Parent department	Ministry of Finance, Economic Affairs and Investment
Website	https://www.fsc.gov.bb/

The Financial Services Commission (FSC) is a financial regulatory authority responsible for the regulation, supervision and inspection of non-banking financial services in the corporate sector and global business in Barbados. It was established on 1 April 2011 under the Financial Services Commission Act 2010 which replaced the former Securities Commission, Supervisor of Insurance, and the Co-operatives Department. It contains 4 regulatory divisions: The insurance division, the credit union division, the securities division, and the pensions division. The FSC is housed under the portfolio of the Barbados Ministry of Finance.

Organization Structure

The authority is governed by a Board of Commissioners appointed by the Minister of Finance and Economic Affairs. The Commissioners, a chairman and six others, hold office for a period of three years, with each member being eligible for re-appointment. The board sets policy and within a framework of effective controls, has ultimate responsibility for providing leadership and oversight to FSC's operations.

External links

• Official website
• https://www.barbadosparliament.com/htmlarea/uploaded/File/Act/2010/Financial%20Services%20Commission%20Act,%202010.pdf

See also

• Economy of Barbados
• Regulatory Authority
• List of financial regulatory authorities by jurisdiction
• Central Bank of Barbados