The International Financial Services Commission (IFSC) is the
Belize
Belize (; bzj, Bileez) is a Caribbean and Central American country on the northeastern coast of Central America. It is bordered by Mexico to the north, the Caribbean Sea to the east, and Guatemala to the west and south. It also shares a wate ...
government agency responsible for
financial regulation
Financial regulation is a form of regulation or supervision, which subjects financial institutions to certain requirements, restrictions and guidelines, aiming to maintain the stability and integrity of the financial system. This may be handled ...
. It is responsible for regulating all financial market participants, exchanges and the setting and enforcing of financial regulations. A number of international online forex brokers obtain their international license from IFSC.
History
IFSC was established in Belize in 1999. The aim of the Commission is licensing of financial companies, as well as controlling and supervision of all regulated firms to bind all international financial services requirements to their activity. IFSC is regulated by the Ministry of Belize Securities and International Financial Services Commission Act. IFSC functions on a special Code of conduct, which is aimed to increase considerably the level of services provided by the licensed company under the International Financial Services Commission.
Responsibilities
The Belize International Financial Services Commission has the following responsibilities:
# To promote, protect and enhance Belize as an international financial services center and to regulate the provision of international financial services;
# To supervise and control Licensed Investment Services Companies, Collective Investment Schemes, investment consultants and mutual fund management companies.
# To grant operation licences to investment firms, including investment consultants, brokerage firms and brokers.
# To impose administrative sanctions and disciplinary penalties to brokers, brokerage firms, investment consultants as well as to in any other legal or natural person whom fall under the provisions of the Act.
offshore
Offshore may refer to:
Science and technology
* Offshore (hydrocarbons)
* Offshore construction, construction out at sea
* Offshore drilling, discovery and development of oil and gas resources which lie underwater through drilling a well
* Off ...
jurisdiction of
Belize
Belize (; bzj, Bileez) is a Caribbean and Central American country on the northeastern coast of Central America. It is bordered by Mexico to the north, the Caribbean Sea to the east, and Guatemala to the west and south. It also shares a wate ...
are regulated and supervised by the International Financial Services Commission.
Belize
Belize (; bzj, Bileez) is a Caribbean and Central American country on the northeastern coast of Central America. It is bordered by Mexico to the north, the Caribbean Sea to the east, and Guatemala to the west and south. It also shares a wate ...