FSC to release regulatory chronology of SSL
The Financial Services Commission, (FSC) is to release its regulatory chronology of Stocks and Securities Limited, (SSL).
This following reports of an alleged multi- million dollar fraud at SSL, spanning several years.
The fraud is believed to have run from 2010 to 2023.
Speaking during a press conference on Monday, Finance Minister Dr. Nigel Clarke said the FSC
Dr. Clarke also announced that a new FSC board has been appointed following criticisms about the regulatory agency’s handling of the SSL situation.
He added that the Bank of Jamaica, BOJ, will adopt a regulatory model, which will see it taking over aspects of the mandate of the FSC.