The Commission in discharging its statutory obligations/functions exercises its supervisory/regulatory powers as afforded to it under Parts V-VII of the Financial Services Commission Ordinance, which spans all regulatory and AML/PTF legislation.
Enforcement action is taken by the Commission in fulfilling its mandate; such actions are aimed not only to discipline and/or ensure or effect compliance, but also seek to remedy shortcomings. The type of action applied seeks to, having regard to all the circumstances, ensure/maintain regulatory compliance.