Janica Holness, executive director of the Financial Services Commission.
Published:Thursday | May 21, 2015
would be taking a firmer approach to supervision. The FSC itself is headed by Executive Director Janice Holness.
“Effective August 1, 2015, the FSC will implement a zero-tolerance approach to breaches of the legislation which it administers. This letter serves as notice to you of this revised approach,” wrote Maknoon.
And so that there would be no misunderstandings, she added that penalties for breaches would also be enforced. It’s that latter part that has chiefly set the regulated groups’ nerves on edge.
