A vibrant, competitive financial services sector that has sound regulatory practices and policies that promote confidence.
To contribute to the growth and development of a financial services sector that is vibrant and competitive.
Committees of the Board
Committees were established to assist the Board in carrying out its role. Currently there are two Board-established Committees. The Committees were as follows:
This committee advises and makes recommendations to the Commission on all matters relating to corporate governance, including internal financial controls, internal and external audits and compliance with financial reporting requirements
Human Resources Committee
This committee assists the Commission in establishing and reviewing remuneration and other policies for all employees of the Commission. The committee is also responsible, by way of policies and packages, for providing employees with appropriate incentives to encourage enhanced performance, rewarding them for their individual contributions to the success of the Commission, and to the extent possible, ensuring that they are competitive to current industry standards.
Disciplinary Proceedings of the Board
The Commission, as a part of its function to maintain the integrity of the capital markets, has the authority to conduct investigations and hearings. The Board carried out these functions via 2 standing statutory bodies. These bodies were:
This Panel presides over regulatory hearings and determines disciplinary matters of the Commission. In carrying out its functions, the Hearing Panel is empowered to impose various sanctions, remedies or other relief, as provided for in the Securities Industry Act, 1999 and Investment Funds Act, 2003.
This committee assists the Executive Director in making recommendations to the Commission, on the appropriate disciplinary action to be taken as a result of an investigation.