The Financial Services Commission (FSC) is a financial supervisory 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.
References
See also Economy of Barbados Regulatory Authority List of company registers Central Bank of Barbados List of financial supervisory authorities by country
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