Financial Crime World

Here is the rewritten article in markdown format:

Laws of Saint Christopher and Nevis: Regulatory Commission Act (CAP. 21.10)

Structure, Powers, and Functions of the Financial Services Regulatory Commission

This section outlines various provisions related to the structure, powers, and functions of the Financial Services Regulatory Commission.

Key Provisions

Meetings

  • The Commission shall meet monthly as far as practicable and at such other times as may be necessary or expedient for the transaction of business (Section 14).
  • A meeting is duly constituted if there is a quorum of not less than five Commissioners present (Section 14, subsection 5).

Decision-Making

  • Decisions shall be taken by a simple majority of votes of Commissioners present and voting at the meeting (Section 14, subsection 6).
  • The Chairperson has an original vote and in cases of equal division, the Chairperson shall have the casting vote (Section 14, subsection 7).

Voting Rights

  • A co-opted person shall not have the right to vote (Section 14, subsection 8).

Confidentiality and Secrecy

  • Commissioners, officers, employees, agents, and advisers are required to take an oath of secrecy as set out in the Second Schedule (Section 15).
  • The Commission shall not disclose certain types of information without consent or authorization (Section 15).

Transparency, Efficiency, and Market Integrity

These provisions appear to be aimed at ensuring that the Financial Services Regulatory Commission operates transparently, efficiently, and with a focus on protecting consumers and maintaining market integrity.

Please let me know if you’d like me to clarify any specific points or provide further context!