Financial Services Commission

The Financial Services Commission (FSC) was established in May 2001 under the Financial Services Commission Act as an autonomous body responsible for regulating and supervising entities providing non-deposit-taking financial services. The FSC is mandated to license, regulate, monitor, and supervise the securities, insurance, and private pensions industries, and to investigate and sanction entities falling under its jurisdiction. Its supervisory practices focus on solvency, the quality of internal controls, risk management, and corporate governance within regulated institutions. The Commission seeks to promote stability and public confidence in the operations of financial institutions, as well as the modernisation of financial services to international standards of competence, efficiency, and competitiveness.