Regulatory Alerts2023-02-07
Added · Updated
Guidelines Evaluating Competency
The Financial Services Commission of Jamaica issued these guidelines to establish the framework for assessing competency as a component of the 'fit and proper' test for licensing and registration. The document defines covered, connected, and relevant persons while mandating that regulated entities ensure their staff possess and maintain the necessary skills through ongoing training and supervision. It specifies detailed core competencies and assessment criteria for key roles, including executive directors, actuaries, compliance heads, and company secretaries, across the insurance, pensions, securities, and trust sectors.
Topics
Share