The Financial Services Regulatory Authority (FRSA) is collating its services online to better serve its clients.

The FSRA launched its website on Wednesday, June 28, at the Finance Administrative Center.

Executive Director of the FSRA, John Calixte Leon, said the website was borne out of the authority’s need to easily reach its demographic.

“For some time now we have been considering how best to give expression to one of the core objectives prescribed in our enabling legislation—namely the promotion of public understanding and awareness of the financial system operating in Saint Lucia, including the awareness of benefits and risks associated with investments and other financial dealings, and the provision of appropriate information and advice,” Mr Leon explained.

Deputy chair of the FRSA Board of Directors, Marcus Joseph said the website contains a range of financial information including annual reports of the FSRA, procedures for complaints, financial legislation, and trade investment advice.

“Indeed, for the first time, all information relating to financial services regulation is available in one place for all who seek it with a few simple clicks of a mouse. That’s the magic of today’s technology. As you are aware, websites should be continuously updated and enhanced. In that regard, the FRSA contemplates further enhancements in the future.”

The FSRA said it hopes the website will continue to evolve into a paperless transaction vehicle. However, that vision can only be realized after amendments to the relevant financial legislation.