Regulatory Alerts2026-01-01
Financial Services Commission Act with amendments to 2016
The Financial Services Commission of Jamaica is established to supervise and regulate prescribed financial institutions while promoting stability, public confidence, and international standards in the financial sector. The Act empowers the Commission to conduct annual examinations, issue directions to restrict business activities, and assume temporary management or revoke licenses of non-compliant institutions to protect customers. Additionally, the legislation outlines the Commission's governance structure, funding sources, and the constitution and procedural powers of the Appeal Tribunal for handling disputes.
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