RESOURCE ALLOCATION AND CORPORATE OVERSIGHT COMMITTEE
This Committee is an amalgamation of the former Corporate Governance and Human Resources sub-committees. Its role is to ensure the adequacy of the Commission’s human resources plan, including compensation policies and practices, alignment with the Commission’s business strategies and the establishment of a clear link between employee performance and compensation. Further, the Committee provides the Commission with recommendations relating to the establishment and implementation of an efficient system of corporate governance and oversees the Commission’s compliance with established corporate governance policies, processes, customs, and practices. This team also evaluates, formulates, and recommends policies and programmes designed to assist the Commission in the efficient execution of its strategic mandate to regulate and supervise the non-bank financial sector.
Chairperson: Harold Codrington
Members: Oliver Jordan, Ronald Bascombe, Ian Carrington, Debbie Fraser
LEGISLATIVE REFORM COMMITTEE
The Legislative Reform Committee reviews legislation and related issues requiring legislative resolution and provides an overall position to the Board on proposed policy, legislation and regulations. The Committee’s main aim is to develop appropriate solutions and make recommendations on adopting appropriate legislative priorities.
Chairperson: Debbie Fraser
Members: Ian Carrington, Ronald Bascombe
APPROVAL AND LICENSING COMMITTEE
The Approval and Licensing Committee. The Approval & Licensing Committee considers and determines matters concerning applications made by individuals and financial institutions and the implementation of enforcement actions. It provides recommendations to the Board for authorisation, licensing, and registration, suspension, revocation and cancellation in accordance with the relevant legislation. The Committee ensures that all directors of regulated entities satisfy the “fit and proper” criteria for the conduct of financial services business.
Chairperson: Ronald Bascombe
Members: Nikita Gibson, Henderson Holmes
FINANCE & AUDIT COMMITTEE
The Finance & Audit Committee aims to assist the Board of Commissioners in fulfilling its oversight responsibilities. The committee oversees and sets policy concerning the Commission’s enterprise risk management, technology and cybersecurity framework, in addition to instilling and promoting a culture of oversight and financial stewardship. n performing its duties, the Committee maintains effective working relationships with the Board of Commissioners, Management, and the internal and external auditors.
Chairperson: Nikita Gibson
Members: Oliver Jordan, Henderson Holmes
STAKEHOLDER ADVISORY COMMITTEE (WITH RESPONSIBILITY FOR CORPORATE COMMUNICATIONS)
The Stakeholder Advisory Committee focuses on stakeholder engagement and satisfaction. This Committee operates with a purpose consistent with the Commission’s public interest and consumer protection mandate, with reference to the Financial Services Commission Act, 2010-21 and related legislation.
Chairperson: Henderson Holmes
Members: Harold Codrington, Oliver Jordan
INNOVATION COMMITTEE
The Innovation Committee spearheads efforts to innovate and implement new approaches to regulation that make our regulatory landscape more efficient and better suited for businesses and investors. This Committee operates with the purpose consistent with the Commission’s public interest and consumer protection mandate with reference to the Financial Services Commission Act, 2010-21 and related legislation.
Chairperson: Oliver Jordan
Members: Debbie Fraser, Nikita Gibson, Henderson Holmes
