A Message From The Chairman
Welcome to the website of the Turks and Caicos Islands Financial Services Commission, your one stop for information on financial regulation, financial institutions, financial legislation, incorporation/registration of legal persons, and the regulatory environment in the TCI.
The Commission’s mission is to encourage and maintain public confidence in the financial services industry in the Turks and Caicos Islands. The Commission has direct responsibility for
regulating financial service businesses, supervising non-profit organisations and designated nonfinancial businesses and persons, and administering the commercial registry in the TCI. As an independent statutory body established under the Financial Services Commission Ordinance 2001, the Commission reports to His Excellency, the Governor of the TCI.
The Commission is governed by a Board of Commissioners appointed by the Governor, comprising individuals with extensive expertise in domestic and international financial services and regulatory matters. The Board is charged with establishing the Commission’s policy framework and overseeing its implementation.
As informed by its mission statement, the Commission seeks to safeguard the interests of persons conducting business with licenced financial institutions in the Islands. Accordingly, it ensures that licensees operate in accordance with relevant legislation and international best practices. It is through the enforcement of these standards that trust between providers and users of financial services can best be promoted and the reputation of the jurisdiction enhanced.
The Commission is committed to openness and transparency, where this is not incompatible with statutory constraints or confidentiality requirements. It also works hard to build relationships with licensees and other stakeholders through dialogue and consultation.
I take this opportunity to encourage all users of financial services in the TCI to make full use of this site to enhance their understanding of the regulatory environment and licenced sectors in the TCI. We also welcome your comments or feedback, either on general matters or specific concerns you may or on ways to improve the site.
Thank you for visiting the site.
Dr. David Oakden