What We Do

The Grenada Financial Regulatory Commission (GFRC) primarily operates to maintain an effective and efficient Registry, alongside regulating and supervising the non-deposit taking Financial Regulatory industry in Grenada. This includes the promotion of the industry internationally and safeguarding its reputation against malpractice by any business entities.

GFRC is tasked with administering the following legislations:

  • Anti-Money Laundering and Counter-Terrorism Financing Act No. 13 of 2014
  • Business Names Act(CAP 211) and Amendments
  • Companies (Insolvency and Receivership) Act No. 3 of 2013
  • Companies Act No. 25 of 2012
  • Company and Trust Services Providers Act No.8 of 2010
  • Charitable Associations (Incorporation) Act(CAP 140) and Amendments
  • Credit Unions Act(CAP 256) and Amendments
  • Dealers In Securities (Licensing) Act(CAP 70) and Amendments
  • Electronic Transactions Act No.24 of 2000 and Amendments
  • E-Business Act No.25 of 2000 and Amendments
  • Financial Institutions Act No.2 of 1999 and Amendments
  • Foundation Act No.38 of 2009
  • International Banking Act No.4 of 2002 and Amendments
  • International Companies Act(CAP 222) and Amendments
  • Insolvency (Cross-border) Act No.4 of 2013
  • Mutual Funds Act No.38 of 2005
  • Offshore Limited Partnerships Act No.39 of 2009
  • Partnership Act(CAP 92)
  • Personal Property Securities Act No 17 of 2008
  • Protected Cells Companies Act No.37 of 2005 and Amendments
  • Trade Unions Act(CAP 161)
  • Unit Trusts Act No.36 of 2005

The Commission's duties, as contained in Section 7 of the Grenada Financial Regulatory Commission Act No 35 of 1993 are:

  • Supervising financial business to protect the public against losses from dishonesty, incompetence, or malpractice by financial businesses operating in or from within Grenada.
  • Enhancing and protecting Grenada's reputation as a financial business center and promoting its development in this field.
  • Managing the general administration and collection of fees.
  • Representing Grenada internationally in matters of financial business supervision and regulation.
  • Providing advice and recommendations to the Government on regulation and legislation related to financial business.
  • Assisting and advising the Government on matters related to Acts or Regulations relevant to financial business.

GFRC adheres to two fundamental principles:

Providing services of the highest professional standard, building a service that is competent, accountable, ethical, impartial, and responsive to client needs.

Acting as a good employer and maintaining a duty towards its staff and stakeholders.

This commitment ensures that GFRC operates effectively as Grenada’s guardian of financial integrity, fostering stability and growth within the Financial Regulatory industry.