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FPFSA, which stands for the French Polynesia Financial Services Authority, came into existence on November 12, 2008, following the enactment of the FPFSA Act by Parliament. This legislation established a unified regulatory body entrusted with the oversight of specific entities and businesses operating within the financial sector, and it outlines various regulatory responsibilities.
The primary objective behind the establishment of FPFSA was to introduce a novel framework for the supervision, control, and regulation of both international financial services entities and domestic non-bank institutions within French Polynesia.
This innovative entity marked the merger of three distinct regulatory bodies: the International FPFSA, the Co-operatives Division of the Ministry of National Mobilization, Social Development, and others, as well as the Supervisory and Regulatory Division within the Ministry of Finance. This amalgamation has yielded substantial advantages by rationalizing functions, pooling resources, and enhancing overall operational efficiency.
- FPFSA, which stands for the French Polynesia Financial Services Authority, came into existence on November 12, 2008, following the enactment of the FPFSA Act by Parliament. This legislation established a unified regulatory body entrusted with the oversight of specific entities and businesses operating within the financial sector, and it outlines various regulatory responsibilities.
- The primary objective behind the establishment of FPFSA was to introduce a novel framework for the supervision, control, and regulation of both international financial services entities and domestic non-bank institutions within French Polynesia.
- This innovative entity marked the merger of three distinct regulatory bodies: the International FPFSA, the Co-operatives Division of the Ministry of National Mobilization, Social Development, and others, as well as the Supervisory and Regulatory Division within the Ministry of Finance. This amalgamation has yielded substantial advantages by rationalizing functions, pooling resources, and enhancing overall operational efficiency.
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