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La Supervision des Institutions Financières en Polynésie Française: Rôle Clé du FPFSA dans la Promotion de la Stabilité Financière

The French Polynesia Financial Services Authority (FPFSA), a unique regulatory authority created on November 12, 2008, is responsible for supervising international and domestic financial institutions operating in the territory. This new entity was established following the adoption of the FPFSA law by Parliament.

Objectif Principal

The primary objective of the FPFSA is to introduce a new framework for supervision, control, and regulation of non-banking financial institutions, both national and international, in French Polynesia. The authority was created through the fusion of three distinct regulatory bodies: the International FPFSA, the Cooperative Division of the Ministry of National Mobilization, Social Development, and Others, and the Surveillance and Regulation Division of the Ministry of Finance.

Mandat

The mandate of the FPFSA is clearly defined in Law No. 33 of 2011. The authority is subject to a direction set by a board of administration, and its authority is derived from its statutory objectives. According to the provisions of Law No. 33 of 2011, the FPFSA’s mission is to regulate, supervise, and promote the development of non-banking financial services in French Polynesia.

Rôle et Fonctionnalités

The FPFSA operates under the authority of the government of French Polynesia and is responsible for administering and executing specific legislative provisions outlined in its regulatory law. In performing its duties, the FPFSA ensures that each licensed financial entity is effectively managed and remains financially solvent. The authority also has the power to intervene in the affairs of regulated entities when necessary to protect client interests.

Services

The FPFSA offers efficient and professional assistance to international non-banking financial sectors (IFS) and offers incorporation services for international companies, limited liability companies, and trusts within 24 hours. These transactions are facilitated by licensed agents and trustees operating under the specific legislative provisions outlined in the Trust Agents Licensing Act, Chapter 105 of the Revised Laws of French Polynesia 2009.

Informations et Représentation Internationale

In addition, the FPFSA disseminates real-time information on international initiatives that may impact the financial services sector. The authority also acts as a representative of the Minister of Finance in various international initiatives, including those within the OECD.

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