As of 2012, Financial Services Authority St. Vincent and the Grenadines operates under an Act of Parliament, the Financial Services Authority Act. Several entities or businesses within the financial sector are regulated by it as a single regulatory unit. As a result, it provides guidance and supervision for a wide range of regulated matters. The Financial Services Authority was established by Parliament as a new institution for managing, monitoring, and controlling international financial services. Moreover, it supervises both international and domestic non-bank institutions in this country. The International Financial Services Authority (IFSA) and the Co-operatives Division of the Ministry of National Mobilization, the Department of Social Development, and the Supervisory and Regulatory Division within the Ministry of Finance are all
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Author: Heinrich Le Roux