No. Credit Unions
31 March 2024
26
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Phone: +1 (246) 421 2142
Email: a:6:{i:0;s:15:"info@fsc.gov.bb";i:1;s:23:"creditunions@fsc.gov.bb";i:2;s:20:"insurance@fsc.gov.bb";i:3;s:19:"pensions@fsc.gov.bb";i:4;s:21:"securities@fsc.gov.bb";i:5;s:33:"registration.licensing@fsc.gov.bb";}
Fax: +1 (246) 421 2146
2,040.28
Total Loans ($BBD Millions)
31 March 2024
3,200.14
Total Assets ($BBD Millions)
31 March 2024
2,765.73
Total Member Savings ($BBD Millions)
31 March 2024
175
Total Class 1 Licensees
31 March 2024
112
Total Class 2 Licensees
31 March 2024
20
Class 2 Licensees w/ direct exposure to Barbadian Public
31 March 2024
766
Total Class 3 Licensees
31 March 2024
1,205.78
General Insurance Assets ($BBD Millions)
31 March 2024
3,226.01
Life Insurance Assets ($BBD Millions)
31 March 2024
22
Total No. Mutual Funds
31 March 2024
19
No. Mutual Funds w/ Direct Exposure to the Barbadian Public
31 March 2024
2,845.32
Total Net Assets Under Management ($BBD Millions)
31 March 2024
246
Total No. Occupational Pension Plans
31 March 2024
144
No. Defined-Benefit Plans
31 March 2024
78
No. Defined-Contribution Plans
31 March 2024
24
No. Hybrid Plans
31 March 2024
Regulatory Divisions
1 / 4
Insurance
The Insurance Division is responsible for the supervision and regulation of insurance business conducted in or from within Barbados, as authorised by the Financial Services Commission Act, 2010-21; and the Insurance Act, Cap. 310.
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2 / 4
Credit Union
The Credit Unions Division’s primary role is to regulate the local credit union sector, helping to foster an enabling environment that bolsters member confidence and encourages a safe and sound financial system.
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3 / 4
Securities
The Securities Division undertakes the regulation of the capital market and investment fund industry in Barbados under the Securities Act and Mutual Funds Act, respectively.
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4 / 4
Pensions
The Pensions Division is directly responsible for the supervision of occupational pension plans registered and regulated by FSC, under the Occupational Pension Benefits Act (OPBA).
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