Regulatory Alerts2019-10-09
Guidelines for the Minimum Standards of Character and Financial References
The Financial Services Commission of Belize issued these guidelines to establish minimum standards for assessing character and financial references for directors, shareholders, and senior officers of licensees. The document mandates that references be dated within three months, signed by independent referees with no familial ties, and include specific contact details and relationship disclosures. Character references must demonstrate five years of acquaintance and attest to honesty and competence, while financial references must originate from Basel-compliant institutions with a three-year existing relationship.
Share