Global Regulatory Entities

NBRB Regulatory Entity (National Bank of the Republic of Belarus) is the Republic of Belarus’ central bank and state body. NBRB functions just for the sole purpose of supporting the Republic of Belarus. The National Bank fully complies with Belarus laws, Belarus Banking Code, Belarus Constitution, the National Bank of Belarus Charter, and President of Belarus regulatory legal acts, and is self-governing in its operations. The NBRB is answerable to the president of Belarus. The President of Belarus Role in NBRB The President of the Republic of Belarus will approve the National Bank’s Charter, as well as any modifications and/or additions. The President of the Republic of Belarus appoints an auditing firm to examine the National Bank’s yearly accounting (financial)

ACPR is the abbreviation of “Autorité de Contrôle Prudentiel et de Résolution”. It was founded in 2010, being the merger of the French Banking Commission, the Committee for the Credit Card Institutions and Investment Firms (CECEI), and Mutual Insurance Supervisory Authority (ACAM). Previously, ACPR was known to be Autorité de contrôle prudentiel (ACP). But in 2013, it was renamed ACPR, where it started working with the implementation of the EU’s Bank Recovery and Resolution Directive (BRRD). As a result, it transposed into French Law as the ordinance number 2013-672. Introduction to ACPR The Autorité de Contrôle Prudentiel et de Résolution is the independent administrative authority responsible for properly monitoring financial institutions. It monitors all the institutions which are in France.

Guernsey Financial Services Commission is charged with maintaining financial industry standards in the Bailiwick of Guernsey. The Bailiwick, however, increases its credibility as a jurisdiction. In the case of GFSC, it is the goal to achieve successful regulation of clients while being transparent, professional, and proportionate. GFSC is an independent agency that charges fees to the financial businesses it regulates. However, the GFSC regulates the States of Guernsey, which is responsible for the financial services industry in Bailiwick. GFSC services As part of its supervision and regulation, the commission oversees and authorises more than 2,000 licensees in the banking, investment, insurance, and fiduciary sectors. Additionally, the GFSC regulates compliance with standards established by international bodies, such as the International Association

FSC, the Financial Service Commission, is a financial services regulatory body that works under the Insurance Act, Securities Act, FSC Act and Pensions Act, and various regulations. The Board of Commissioners authorized the financial service commission comprising a chairman and nine other commissioners, including the Executive Director selected by the other commissioners. And the commissioners appointed by the Minister of planning and finance. The Executive Director deals with the administrative and executive functions of FSC. And the Financial Service Commission has a responsibility to regulate, supervise and monitor the insurance, securities, and private pension industries. It also has a role to investigate and authorize the entities under its jurisdiction. FSC Mission and Vision Vision The FSC’s vision is to become

The Commissione Nazionale per le Società e la Borsa, also known as the CONSOB, is a regulatory body set up in Italy. It is responsible for regulating the Italian financial markets. It also includes the regulation of the Italian stock exchange, Borsa Italiana. The CONSOB, also referred to as the Italian Companies and Exchange Commission was created in 1974. The company was created by merging the functions and jurisdictions previously part of the Italian Ministry of Treasury. In Italy, this was the main power to overlook financial matters. With time, however, CONSOB’s responsibilities have increased greatly. A new law came about in 1983 that extended the CONSOB’s jurisdiction to protect the public savings. In addition, in 1985, CONSOB received judicial

FINMA stands for Swiss Financial Market Supervisory Authority. As a federal supervisory authority, it ensures correct compliance with financial regulations in any organization that operates in Switzerland. As a regulatory body, FINMA was established in 2007 to address all the concerns associated with money laundering. It is even empowering to improve the global financial economy of Switzerland through the collaboration of three major bodies. Those three bodies are The Federal Office of Private Insurance and AML Control Authority, and third is the Swiss Banking Commission. In short, this regulatory is working as a watchdog. It cooperates with the rest of the financial sectors against any acts of terrorism or illicit crimes. Introduction about FINMA FINMA is performing a role where

The Office of the Commissioner of Financial Institutions of Puerto Rico (OCIF) is the regulatory agency under the Department of Treasury, Puerto Rico, which oversees and controls the country’s financial sector and ensures that financial transactions within the territory are in compliance with the laws and regulations. OCIF Mission The main goal of OCIF is to control, regulate and supervise the financial structure sector of Puerto Rico, to compete in the global market, help in the development of the social-economic sector of the country and protect the public interest. OCIF Vision Establishing a quick, updated, and adaptable financial policy for the public that guarantees equality and balance between the interests of financial customers, depositors, shareholders, and investors. OCIF History OCIF

AFSL, the Australian Financial Services License, is a legal license issued by ASIC, the Australian Securities and Investments Commission, to regulate activities and operations in the financial services sectors. The Australian financial services businesses have to authorize them by obtaining AFSL or a limited AFSL that contains special provisions for conducting financial services under the Corporation Act of section 911A. ASIC introduced the Australian Financial Services License under Chapter 7 of the Corporation Act in 2001. It is also the regulatory entity for the supervision of the Australian financial services market. The financial service institutions must submit an application to ASIC for assessment and the supporting documents and details. Licensees, the financial services institutions that ASIC licenses are required to

Trading in futures contracts has rapidly extended beyond conventional physical and agricultural commodities into many financial instruments such as foreign currencies, the US and foreign government securities, and US and foreign stock indices since the 1970s. The creation of CFTC was the result of this expansion. The Commodity Futures Trading Commission, a.k.a CFTC, is an independent US government body established in 1974 to supervise the US derivatives markets, including futures, swaps, and some types of options. The Commission’s mandate is to oversee the regulation of commodities futures and options markets in the United States. This guide will explain all the nitty-gritty of the CFTC regulatory body. What’s the purpose of CFTC? The CFTC’s mission is to promote transparent, competitive, and

Labuan Financial Services Authority (Labuan FSA) is responsible for providing financial services in Labuan and was created by Law No. 66 of 1966 on 15 February. As a statutory body, the Labuan FSA’s responsibility is to develop and manage Labuan International Business and Financial Centre (Labuan IBFC). Objectives of LFSA Listed below are the objectives of the Labuan FSA Developing and promoting Labuan as an international centre of business and finance services. Policies and objectives will be developed and implemented to develop and administer international businesses and financial services in Labuan. Regulatory, supervisory, and enforcement agency for financial and international services. Labuan FSA licenses and regulates companies operating within Labuan IBFC. It ensures that these companies abide by all applicable