Functions of the Commission

  • To administer the financial services Ordinances;
  • To supervise the conduct of financial services business;
  • To monitor financial services business carried on and its development, in or from the Islands
  • To monitor the effectiveness of the financial services Ordinances in providing for the regulation of financial services to internationally accepted standards;
  • To promulgate codes of good conduct in financial services business;
  • To promote the continuing development of professional standards within the financial services industry;
  • To advise the Governor of the Turks and Caicos Islands on matters relating to financial services;
  • To consult with similar institutions out with the Islands; and
  • To consider whether to carry out any other tasks which it may be asked to perform.

In carrying out its functions the Commission shall take account of:

  • The protection of the public against financial loss arising out of the dishonesty, incompetence or malpractice of persons engaged in the financial services business; and
  • The protection and enhancement of the reputation of the Islands as a financial services centre.