Turks and Caicos Islands : assessment of the supervision and regulation of the financial sector : review of financial sector regulation and supervision
Published
Washington, D.C. : International Monetary Fund, 2005
This paper reviews Financial Sector Regulation and Supervision for Turks and Caicos Islands (TCI). The TCI has a structure for financial supervision that encompasses banking, insurance, mutual funds, investment brokers, trusts, trustees, companies' registration, and company service providers. The supervisory framework has undergone major modifications since 2000, but further strengthening of the legal and institutional framework is needed. The Financial Services Commission has been transformed into a statutory body and given additional autonomous powers for supervision. Underlying financial ordinances have been amended to bring them more in line with international standards
Notes
Cover title
"Prepared by a staff team of the International Monetary Fund as background documentation for the periodic consultation with this member country."
