The Financial Services Commission Act, No. 8 of 2023 (FSCA) gives the Financial Services Commission authority to do all things necessary for the carrying out of its duties.
These include the granting of licences for the carrying on of financial services, as well as, other forms of permits or authorisations required by existing licensed service providers offering financial services in or from within Belize.
Under the FSCA, the Licensing and Authorisations Department is responsible for the day-to-day supervision, and conclusion of existing licensed service providers offering financial services in or from within Belize; and prospective market participants who require a licence from the Commission to conduct any of the financial services.
Therefore, in exercising an effective regime to providing any of the licensing services/activities, the Commission has established a technical licensing framework; which set outs requirements and minimal standards that must always be adhered to by prospective market participants/applicants as well as existing licensed service providers when applying for any of the services/activities that may fall under the purview of the Licensing and Authorisations Department.
The following are the prescribed fees (both application fees and annual fees) in accordance with Schedule I of the Financial Services Commission (Licensing) Regulations, 2023, S.I. No. 120 of 2023.
