Parliament: FSC: Minister Jeetun Aims to Improve Licensing Process

Member of Parliament Kaviraj Rookny asked the Minister of Financial Services and Economic Planning for data on Global Business Companies (GBC). Minister Jyoti Jeetun stated that the Financial Services Commission (FSC) receives an average of 2,400 applications for GBC creation each year.

As of November 15, 120 applications were pending, with the oldest dating back to April 2023. For GBCs active in the financial services sector, the appointment or renewal...