The Financial Services Commission
The Financial Services Commission (FSC) is a statutory authority established in Belize to regulate & supervise non-bank financial services, provided by entities licensed or registered under the Financial Services Commission Act, No. 8 of 2023 and the Securities Industry Act, 2021 (SIA). The FSC’s mandate also includes regulatory oversight provisions of the Municipal Securities Act, 2023 (MSA).
With the enactment of the Belize Companies Act, 2022, the FSC was further entrusted with the responsibility for the Belize Companies and Corporate Affairs Registry (BCCAR). FSC’s mandate also expanded under the Insolvency and Bankruptcy Act, 2025, to include oversight of the licensing and supervision of insolvency practitioners, ensuring compliance to international standards and safeguarding the interests of all stakeholders.
In addition, the Commission serves as the regulatory authority for Non-Profit Organizations and Non-Governmental Organizations, ensuring compliance with the relevant laws and regulations, promoting transparency, accountability, and good governance practices within the sector.
- Business Names, Cap. 247
- Limited Liability Partnerships, Cap. 258
- International Foundations, Cap 24:02
- International Limited Liability Companies, Cap. 270:10
- Trusts Act, Cap 202 (International),
- Non-Governmental Organizations Cap 315; and
- The Belize Companies Act, 2022 (Act No. 11 of 2022)
The legislative mandate of the FSC is to provide regulatory services that protects the public interest and enhance public confidence in the sectors it regulates.
The FSC is committed to international standards and best practices in the regulation and supervision of non-bank financial services. The FSC falls under the portfolio responsibility of the Minister of Finance and is governed by a Board of Commissioners comprising of the Chairman and 8 other Commissioners, including the Director General of the FSC. The Minister appoints the chairperson from amongst the 5 public sector members of the Board, as well as the other Commissioners, save for the Director General who is appointed by the Board on the approval of the Minister. The current Chairman is the Financial Secretary. The Director General is the Chief Executive Officer and the ex-officio Deputy Chairman of the FSC and also serves as the Registrar of the following Registries:
- Belize Companies and Corporate Affairs Registry
- International Merchant Marine Registry of Belize
- Limited Liability Partnerships Registry
- International Trusts Registry
- International Foundations Registry
- International Limited Liability Companies Registry
Mandate and Core Functions:
- Promoting and developing Belize as a centre for financial services;
- Protecting and enhancing the reputation of Belize as an financial centre;
- Providing appropriate supervision and regulation of financial services;
- Formulating policies and providing advice and assistance to the government on the regulation of such services;
- Collecting, storing and disseminating reliable and timely information to interested parties on changes and new trends in services being offered;
- Facilitating capital formation and economic growth;
- Protecting investors from unfair, improper, or fraudulent practices;
- Fostering development of fair and efficient capital markets and confidence in the capital markets in or from within Belize;
- Reducing systemic risk;
- Promoting public understanding of the financial system, including awareness of the benefits and risks of different kinds of investment or other financial activities;
- Promoting company formation and business registration.
Vision Statement:
An adaptable regulator that fosters competitiveness, fairness, safety, and soundness in the financial sector and facilitates capital formation.
Mission Statement:
To protect investors; ensure fair, efficient, and transparent markets; reduce systemic risks and support the growth and development of Belize’s evolving financial services industry.
Our Values:
Everything we do as a regulator will be guided by our core values:
- Integrity. We will uphold the highest standards of honesty and ethics.
- Accountability. We will hold ourselves responsible in terms of honouring our commitments to clients and to each other. We take ownership of our work and promptly correct mistakes to the greatest extent possible.
- Adaptability. We will remain agile, ready to shift or adjust our approach when challenges arise because we cannot control everything that happens, but we can control how we react to constant change.
Please see the Financial Services Commission Act, Act 8 of 2023