Supervision Investment Institutions and Administrators
The supervision of investment institutions and administrators resulted from the enactment of the National Ordinance on the Supervision of Investment Institutions and Administrators (N.G. 2002, no. 37) (“NOSIIA”) as of January 2003. The main objectives of the NOSIIA are to protect the interests of (potential) investors and to preserve and foster the reputation of the Countries of Curacao and Sint Maarten as a sound, transparent, and reputable financial center by exerting effective supervision of the licensed investment institutions and administrators. Exerting effective supervision comprises among others things, assessing the financial soundness, business integrity, administrative organization, and internal control environment of the licensed institutions, as well as their provision of information to investors. Moreover, exerting effective supervision fosters, promotes, and further develops the proper functioning of financial market of the Countries Curacao and Sint Maarten.