What is the Financial Services Authority (FSA) of St. Vincent? Review, Features of the Financial Services Authority (FSA) of St. Vincent

The Financial Services Authority (FSA) of St. Vincent is responsible for supervising and regulating the operations of certain non-bank entities and promoting the stability, public awareness and public confidence of these licensed operators. , and promptly identifying and addressing threats and risks.

About the Financial Services Authority (FSA) of St. Vincent

• Financial Services Authority (FSA) of St. Vincent

• The Financial Services Authority was established on 12 November 2012 by an Act of Parliament, the Financial Services Authority Act, which established a single supervisory unit responsible for supervising certain entities and businesses in the financial sector and prescribing the matters that are regulated.

• The Financial Services Authority was created by Parliament to establish a new system to regulate, directly control and supervise the country's international financial services industry and domestic non-bank institutions.

• As part of its mandate, the FSA is responsible for ensuring compliance with the FSA Act and other specified statutes, regulations or guidelines. It is also responsible for ensuring that each licensed financial entity is properly managed and remains financially sound. Therefore, the FSA has the power to intervene in the affairs of regulated entities in order to protect customers.

• FSA provides efficient and professional services to the IFS and non-bank financial services sectors. The incorporation of international business companies, limited liability companies and international trust registrations can be completed within one business day. All international business transactions are conducted through the services of "Registered Agents and Trustees". Registered Agents and Trustees are licensed and regulated by the Authority under the regime set out in the Registered Agents and Trustees (Licensing) Act, Chapter 105 of the Revised Laws of St. Vincent and the Grenadines, 2009.

• The FSA also aims to be proactive in providing timely and reliable information on international initiatives that affect the financial services sector. The Authority is the designated representative of the Finance Minister on various international initiatives, including the OECD.

The Financial Services Authority (FSA) of St. Vincent

The FSA regulates certain entities and businesses in the financial sector, manages, directly controls and supervises the country's international financial services industry and domestic non-bank institutions. The FSA is responsible for ensuring compliance with the FSA Act and other specified statutes, regulations or guidelines. It ensures that each licensed financial entity is properly managed and remains financially sound, protecting the interests of customers.