Examples of FSC Act in a sentence
If a Fund Manager is an overseas company, then such a company will be required to be registered in Jamaica as an overseas company and licensed or registered in accordance with the Financial Services Commission (FSC) Act.
This fee is payable in accordance with such instrument made pursuant to the FSC Act or any regulatory legislation, or such directive as may be provided by the Commission.
The FSC Act does not stipulate who can make judgments about the reputation or experience of a person and therefore can remove the person.
These are the Bank of Jamaica Act (BoJ Act), 1960 with latest amendments; Payment Clearing and Settlement Act (PCS Act), 2010; Government Securities Dematerialization Act (GSD Act), 2010; Financial Services Commission Act (FSC Act), 2001; the Securities Act, 1993 with latest amendments and the Bills of Exchange Act, 1893 with latest amendments.
The FSC draws its powers to regulate the corporate securities market from the Securities Act and the FSC Act.
Persons appointed under Article 3 of the FSC Act must meet the eligibility requirements under Article 4, in particular 4(1) that includes, inter alia, having a good professional reputation and professional experience.
By an Order dated May 19, 2016, the High Court conferred upon the Administrator the powers of a liquidator under the Companies Act, R.S.A. c C65, as permitted by section 31(3) of the FSC Act.
The FSC became a commercial entity subject to the Companies Act in 2005 with the repeal of the FSC Act.
EXPLANATORY NOTESIntroduction(i) Section 34 of the FSC Act imposes a number of obligations on licensees with respect to compliance.
Requirements for recording the details of beneficiaries of GBL1 trusts are set out in terms of the Trusts Act, the Mauritian Income Tax Act, the FSC Act and the FIAL Act.