SIA Bill 2011
Board Committees

Our Vision

A vibrant, competitive financial services sector that has sound regulatory practices and policies that promote confidence.

Our Purpose

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:

Audit Committee

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:

Hearing Panel

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.

Disciplinary Committee

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.

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