Wednesday, February 03, 2010

Chairman approved for FSC Appeals Board

The BVI Cabinet of Ministers has approved the appointment of Mrs. Joanne Williams Roberts as chairman of the Financial Services Commission Appeals Board. The appointment of the new chairman shall remain effective for three years until July 31, 2012. The other members of the board were re-appointed for three year terms in April 2008.

The main task of the FSC Appeal Board, established in accordance with the provisions of the Financial Services Commission Act, 2001, is to facilitate the right to appeal by anyone who is aggrieved by a decision of the Financial Services Commission. The Board should be headed by a legal practitioner with not less than 10 years experience. Also, according to the Act, only persons who are not members of the FSC Board of Commissioners and not engaged in or connected to a person engaged in a financial services business in the BVI territory, should serve as members of the FSC Appeals Board.

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