Barbados
4 regulators · 14 laws & regulations · 6 obligations · 3 enforcement actions · 1 upcoming deadline
| Date | Entity | Regulator | Action | Penalty | Source | Summary |
|---|---|---|---|---|---|---|
| 31 Dec 2025 | Equity Insurance Company Limited (insurer) | FSC | Licence Action | — | official | |
The FSC revoked Equity's Class 2 insurance licence under s. 25 of the FSC Act, effective 31 December 2025, after taking management and control of the company in August 2025. Policies issued or renewed before that date remain in force and claims are to be honoured during a one-year run-off. The FSC says Equity breached the Insurance Act, the FSC Act, the MLFTA and Commission guidelines. Equity gave notice of appeal to the Appeals Tribunal on 30 January 2026, and on 10 April 2026 the High Court dismissed the FSC's application for leave to present a winding-up petition as premature while the appeal is pending. |
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| 18 Aug 2025 | Equity Insurance Company Limited (insurer) | FSC | Business Restriction | — | official | |
After notices of intention dated 14 July 2025, the FSC seized management and control of Equity and appointed a Manager (PricewaterhouseCoopers) effective 18 August 2025, to oversee operations under enhanced supervision. Equity could not write new policies during enhanced supervision; existing policies stayed valid. The press release describes no monetary penalty. |
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| 12 Dec 2024 | Progressive Co-operative Credit Union Limited (credit union) | FSC | Licence Action | — | official | |
The FSC cancelled the credit union's registration effective 12 December 2024 and the credit union was placed into liquidation under s. 152(d) of the Co-operative Societies Act. The FSC took on distributing its remaining assets to members and issued a Notice of Payout on 13 March 2026. The page does not state a reason for the cancellation. |
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| No enforcement actions match these filters. | ||||||