FSC publishes Enforcement Manual
Article Published on June 19, 2020
The Financial Services Commission (FSC) published its Enforcement Manual on 12 June 2020 which provides an overview of its approach towards enforcement and the exercise of its enforcement powers conferred to it under the relevant sections of the Financial Services Act 2007. It also aims at increasing transparency, certainty, and consistency, and, more generally, to promote the rule-of-law principles that underpin all of the FSC’s enforcement actions with particular reference to:
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the general purpose of disciplinary action;the criteria the Commission applies in considering whether to take disciplinary action;the determining factors when considering the appropriate level of action including any administrative penalty;the factors the Commission will take into consideration for a withdrawal of licence; andthe publication of enforcement outcomes.
Please click Here to access the Enforcement Manual