Enforcement Activities

The Enforcement Department will make recommendations to the Director General on the following:

  • Withdrawing a firm’s or individual authorization and/or revocation of licence;
  • Prohibiting individuals from carrying on regulated activities;
  • Suspending firms and individuals from undertaking regulated activities;
  • Issuing fines against firms and individuals who breach our rules;
  • Making a public announcement (warning notices) when we begin disciplinary action and publishing details of warning, decision, and final notices on disciplinary actions;
  • Recommending applications for court orders, when proper;
  • Recommending criminal prosecutions, when appropriate, to tackle financial crime and issuing warnings and alerts about false claims to be FSC licensed/authorized, unauthorized firms and individuals and requesting that web hosts deactivate associated websites; and
  • Developing a monetary fine regime.

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