Financial Services AuthorityC

Financial Services Authority (FSA) of Saint Vincent and the Grenadines was born in November 12, 2012 according to the Financial Services Authority Act. It was created by Parliament to regulate, supervise and develop the non-bank financial services sector in the country.

The role of FSA is to oversee certain entities and businesses in the financial sector and provides for regulated matters.

The FSA is responsible to the Government of St. Vincent and the Grenadines for the administration and enforcement of those enactments specified under its governing legislation. Additionally, it is also responsible for ensuring that each licensed financial entity is properly managed and remains financially sound. The FSA is empowered to intervene into the affairs of a regulated entity for the purpose of protecting customers.

Requirement on Forex Brokers' Reports:
Audit Reports.

The Regulatory Framework: Anti-Money Laundering and Terrorist Financing Regulations 2014; Companies Act; Finance (Miscellaneous Amendments) Act 2014; International Business Companies IBCs (Amendment Act).

Generally speaking, SVG FSA-regulated broker profile will be found at the company-name-search page on SVG FSA website. Try to find it and check if it will match the info from the broker website.

The detailed steps are as follow:
1. Find the licensed/reference no.(preferred) or name of the forex broker, which you can get from the broker's website;

2. Enter the reference no. or name into the search bar on https://svgfsa.com/company-name-search/

The SVG FSA has no rules on complaints, so investors had better contact the financial company that provides the service.