The Fair Trading Commission (FTC) and the Financial Services Commission (FSC) will sign a Memorandum of Understanding (MOU) on Friday, December 6, at 11:00 a.m. at the Fair Trading Commission’s Office, Green Hill, St. Michael.
Chief Executive Officers of the FTC and FSC, Sandra Sealy and Kester Guy, respectively, will initial the document.
The MOU represents a formal cooperation agreement between the two entities to share information considered relevant to their respective mandates.
The FTC, specifically its Fair Competition Division, seeks to promote and maintain effective competition in Barbados and prevent anti-competitive conduct. The FSC is responsible for supervising and regulating non-bank financial institutions on the island.