[1] It was established on 1 April 2011 under the Financial Services Commission Act 2010 which replaced the former Securities Commission, Supervisor of Insurance, and the Co-operatives Department.
The FSC is housed under the portfolio of the Barbados Ministry of Finance.
The authority is governed by a Board of Commissioners appointed by the Minister of Finance and Economic Affairs.
The Commissioners, a chairman and six others, hold office for a period of three years, with each member being eligible for re-appointment.
The board sets policy and within a framework of effective controls, has ultimate responsibility for providing leadership and oversight to FSC's operations.