Third party sought for FSA

A third party advisor is being sought for the Islands Financial Services Authority (FSA).

Government is inviting expressions of interest from suitably qualified organisations which could provide independent advice and recommendations on developing a new funding model for the FSA.

The FSA's total funding requirement is currently met by a combination of income from fee payers and a general subvention from Treasury - In the February 2020 budget, government announced the intention to move the Authority towards a predominantly industry-funded model (PIFM).

Officials say any organisation looking to take up the responsibility is expected to have experience in senior stakeholder management, strong commercial awareness and the ability to work remotely.

Expressions can be submitted through the online government portal by Noon on Friday, January 15.