Consultation

Consultation

As the non-bank financial services regulator, the FCS has the mandate to ensure the good conduct of business and financial stability with the view to maintaining the good repute of the Grenada International Financial Centre. In order to ensure the right balance between regulation and business facilitation, the FCS regularly consults stakeholders on important matters affecting the jurisdiction and issues which may have impact on stakeholders and/or their business.

Consultation is a vital part of the Commission's Stakeholder Engagement policy and an essential means of two-way communication between the regulator and stakeholders which include at the international level, international standard setting bodies, fellow regulatory counterparts and at the local level comprises ministries, authorities, institutions, organisations, licensees, investors, consumers of financial products and the public in general. The purpose of a consultation is to gather views and comment so that issues are decided, as far as possible, on consideration of all the relevant information and arguments. It informs the decision-making process, raising points to be taken into account that might otherwise have been overlooked.

Consultation at the Commission is done in different forms based on circumstances in order to ensure effectiveness and in line with Commission's functions and objects in the Financial Services Act 2007. While consulting stakeholders, the Commission, at times, posts certain documents such as Consultation Papers, Drafts Papers etc. on its Website.

The following consultations were posted on the Website:

  • 16 Aug 2021 Consultation Paper on the Regulatory Framework for Structured Investment-Linked Insurance Business

  • 29 Oct 2020 COMMUNIQUÉ -Consultation Paper on Robotic and Artificial Intelligence Enabled Advisory Services

  • 29 Oct 2020 COMMUNIQUÉ -Consultation Paper on the Regulatory Framework for Crowdfunding

  • 14 Feb 2020 FCS issues draft Guidelines for mortgage underwriting practices and procedures for public consultation

  • 06 Dec 2019 FCS Consultation Paper on Regulatory Framework of Special Purpose Fund

  • 10 May 2019 FCS Consultation Paper on Admininstrative Penalties

  • 03 May 2019 FCS Consultation Paper - Global Shared Services

  • 05 Nov 2018 FCS Grenada issues Consultation Paper in relation to the Custodian Services (Digital Asset) Licence

  • COMMUNIQUÉ -Consultation on PRACTICE NOTES FOR MANAGEMENT COMPANIES WHEN PROVIDING CORPORATE TRUSTEE SERVICES

  • 10 Nov 2017 Communiqué on issue of draft Financial Services (Peer to Peer Lending) Rules 2017 for consultation

  • 10 Nov 2017 Explanatory Memorandum on Financial Services (Peer to Peer Lending) Rules 2017

  • 10 Nov 2017 Draft Financial Services (Peer to Peer Lending Rules) 2017

  • 26 Oct 2016 FCS Grenada issues communiqué - The Draft Securities (Preferential Offer) Rules for consultation (26-Oct-16)

  • 26 Sep 2016 FCS Grenada issues communiqué - The Draft Investment Banking Rules for consultation (26-Sep-16)

  • 27 Jul 2015 FCS Grenada consults on New Category of Investment Advisor for Corporate Finance

  • 02 Jul 2015 FCS Grenada consults on Competency Standards for Private Pension Scheme

  • 10 Jun 2015 FCS Grenada consults on the draft Financial Services (Funeral Scheme Management) Rules 2015

  • 27 May 2015 FCS Grenada consults on draft amendments to CIS Regulations 2008

  • 26 May 2015 FCS Grenada issues Consultation Paper on Registration of prospectus

  • 27 Mar 2015 FCS Grenada consults Stakeholders on the “Securities (Takeover) Rules”

  • 19 Mar 2015 FCS Grenada consults on the revised draft Code of Business Conduct

  • 18 Dec 2014 FCS Grenada is consulting stakeholders on the draft Insurance (Linked Long Term Insurance Business) Rules

  • 18 Dec 2014 Proposed Insurance (Linked Long Term Insurance Business) Rules 2014

  • 18 Dec 2014 Template for Comments

  • 05 Dec 2014 FCS Grenada Consults Stakeholders on the "Code of Business Conduct"

  • 05 Dec 2014 Draft Code of Business Conduct

  • 25 Sep 2014 FCS Grenada consults on IFRS for SMEs

  • 24 Mar 2014 FCS issues Consultative papers on Competency Standards for Securities and Capital Markets Intermediaries

  • 01 Mar 2014 FSB Consultation Paper: Feasibility study on approaches to aggregate OTC derivatives data

  • 16 Jan 2014 The FCS issues Draft Insurance (Insurance Agents) Rules 2014 for consultation

  • 16 Jan 2014 The FCS issues Draft Insurance (Insurance Salespersons) Rules 2014 for consultation

  • 18 Oct 2013 FCS issues Consultative paper on Competency Standards for Insurance Intermediaries

  • 08 Jul 2013 Consultation Process: Guidelines for Advertising and Marketing of Financial Products

  • 05 Mar 2013 FCS circulates concept paper on LLP for consultation