Financial Services Commission FSC
Source pages
Who they are
An integrated regulator of the non-bank financial sector, established under the Financial Services Commission Act, 2010-21. It began operating on 1 April 2011 and took over the functions of the former Securities Commission, the Supervisor of Insurance and Pensions and, for credit unions, the Co-operatives Department.
What they do
Supervises entities licensed or registered under the Insurance Act, Cap. 310, the Occupational Pension Benefits Act, Cap. 350B, the Securities Act, Cap. 318A, the Mutual Funds Act, Cap. 320B and, for credit unions, the Co-operative Societies Act, Cap. 378A. It also publishes AML/CFT/CPF guidelines for the entities it regulates.
Key laws & regulations issued
- Guideline Proposed ESG Guidelines for the Non-Bank Financial Services Sector (External ESG Consultation Paper) 2026
- Guideline Technology and Cyber Risk Management Guideline (Financial Services Commission) 2024
- Act Financial Services Commission Act, 2010-21 2010
- Act Securities Act, Cap. 318A 2001
- Act Insurance Act, Cap. 310
- Act Mutual Funds Act, Cap. 320B
- Act Occupational Pension Benefits Act, Cap. 350B
Enforcement by this regulator
| Date | Entity | Action | Penalty | Source |
|---|---|---|---|---|
| 31 Dec 2025 | Equity Insurance Company Limited (insurer) | Licence Action | — | official |
| 18 Aug 2025 | Equity Insurance Company Limited (insurer) | Business Restriction | — | official |
| 12 Dec 2024 | Progressive Co-operative Credit Union Limited (credit union) | Licence Action | — | official |
Deadlines owned by this regulator
| Due | Filing | Frequency | Industry | Source |
|---|---|---|---|---|
| 31 Jan 2027 | FSC annual registration and licence feesAnnual registration and licence fees for all FSC registrants and licensees are due by 31 January each year; credit unions, which previously had until 31 March, are now also held to 31 January. A Fee Confirmation Form is mandatory. Late or missed payment may lead to suspension or revocation of a licence or registration. The page does not name the statute. | Annual | All industries | official |
Latest news
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Related regulators
Others in Barbados supervising overlapping sectors.