The Financial Services Commission (FSC) came into existence on August 2, 2001 by virtue of the Financial Services Commission Act. It has replaced the Office of the Superintendent of Insurance (OSI) and Unit Trusts and the Securities Commission.
The FSC supervises and regulates the securities industry, the insurance industry and the private pensions industry. As such it may be properly described as an integrated financial services regulator.
In being an effective regulator, the FSC has prudently structured the organization with specialist divisions designed to fulfill its mandate. The divisions include insurance, securities, examinations & investigations, legal, actuarial, corporate services and pensions. These divisions fall under an umbrella that seeks to effectively bring to fruition a mandate that is geared towards fostering professionalism within the industries that are regulated by the Commission.