Author Affiliation, Ana.
Department of Management Studies
Under one roof: Integrated regulator for non-deposit taking institutions in Jamaica
Caribbean law bulletin
Date of Publication
Examines the integration of regulatory mechanism for non-deposit taking financial institutions in Jamaica within the context of the the Financial Services Commission (FSC) established by the Financial Services Act (FSA) 2001. Under the FSCA, the Financial Services Commission (a merger of the functions of the Securities Commission and the Superintendent of Unit Trusts has assumed legal responsibility for the supervision of the insurance sector. It is also expected to supervise and regulate all financial insitutions that offer services which the Minister by order deems ought to be regulated. The duties and functions of the FSC, as well as its enforcement powers are examined in this article which also looks at the strengths and weaknesses of the Act.....