Our Mission
The European Financial Commission Services (EUFCS) and its affiliated organizations serve as an independent, self-regulatory body and external dispute resolution (EDR) authority, dedicated specifically to the Forex market. While not officially recognized or regulated as an EDR body by any jurisdiction, EUFCS operates with a focus on transparency, efficiency, and education as core values.
EUFCS’s primary role is to ensure that disputes between traders and brokers are resolved quickly, impartially, and efficiently, providing well-reasoned decisions that not only resolve the issue but also enhance participants’ understanding of Forex and Contracts for Difference (CFDs).
St Lucia Financial Regulatory Authority (FSRA): Key Responsibilities
The St Lucia Financial Regulatory Authority (FSRA) plays a critical role in the financial system of St Lucia, with four primary functions:
Monetary Function: FSRA oversees the issuance and redemption of St Lucia’s currency and manages the country’s currency reserves.
Regulatory Function: It regulates and supervises financial services, ensures compliance with anti-money laundering regulations, and publishes a regulatory handbook with rules, guidelines, and principles.
Cooperative Function: FSRA assists foreign regulatory bodies through memoranda of understanding and supports comprehensive supervision across jurisdictions.
Advisory Function: It advises the St Lucia Government on matters of monetary policy, regulatory concerns, and cooperative initiatives.
- Key Obligations of the St Lucia Financial Regulatory Authority
- FSRA is entrusted with several key obligations in the execution of its duties, including:
- Acting in the best economic interests of St Lucia.
- Promoting a stable and sound financial system within the territory.
- Utilizing its resources in the most efficient manner.
- Upholding high standards of corporate governance.
- Strengthening market confidence, ensuring consumer protection, and maintaining St Lucia’s reputation as a global financial hub.
- Reducing the potential for financial services to be exploited for money laundering or other criminal activities.
- Ensuring competitiveness by adhering to relevant international standards while facilitating innovation in financial services.
- Enforcing regulations that are proportionate to their intended benefits.
- Maintaining transparency and fairness in all its operations.
- These obligations are codified in Section 6 of the Monetary Authority Act.
Why Choose the Financial Commission?
The Financial Commission fosters a trusted environment in the Forex industry by bringing together brokers committed to the highest standards of ethical conduct. The Commission not only cultivates well-informed and responsible traders but also maintains a transparent, no-cost dispute resolution process for participants in the digital currency markets, including traders, exchanges, and financial firms.
Companies that join the Financial Commission demonstrate their commitment to maintaining the highest standards of commercial integrity and best business practices, regardless of their regulatory licensing or geographic location. Together, these efforts create a more credible and trustworthy Forex market, benefiting all participants.
