Our History
The History of SEIPC
The Securities Exchange and Investment Protection Commission (SEIPC) has evolved over the years to meet the changing needs of the financial services industry and to respond to global regulatory developments.
Establishment (2023)
The SEIPC was established in 2023 as an independent statutory body through the Financial Services Act 2023. The Commission was created to consolidate regulatory oversight of the financial services sector, which was previously divided among multiple agencies.
The establishment of the SEIPC reflected the government's commitment to creating a robust, unified regulatory framework that would enhance consumer protection and promote market integrity.
Early Development (2023-2024)
In its first year, the SEIPC focused on building its organizational structure, developing its regulatory framework, and establishing relationships with stakeholders. Key milestones included:
- Appointment of the first Board of Directors and Chief Executive Officer
- Development of the initial rulebooks and guidance for regulated firms
- Establishment of supervisory processes and procedures
- Creation of the consumer protection framework
Expansion of Regulatory Scope (2024-2025)
As the financial services industry evolved, the SEIPC expanded its regulatory scope to address emerging risks and new types of financial services. This period saw:
- Introduction of regulations for digital assets and cryptocurrencies
- Enhanced focus on cybersecurity risks in the financial sector
- Development of a framework for regulating financial technology (FinTech) firms
- Strengthening of anti-money laundering and counter-terrorist financing measures
Present Day
Today, the SEIPC is a well-established regulatory body with a comprehensive framework for overseeing the financial services industry. The Commission continues to evolve its approach to regulation, focusing on:
- Risk-based supervision of regulated firms
- Proactive identification and mitigation of emerging risks
- International cooperation and alignment with global standards
- Balancing innovation and consumer protection
- Enhancing market integrity and transparency
Looking to the Future
As we look to the future, the SEIPC remains committed to its mission of protecting consumers, enhancing the reputation of the financial services sector, and promoting good business practices. We will continue to adapt our regulatory approach to address new challenges and opportunities in the financial landscape, while maintaining our core values and commitment to excellence.
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Key Milestones
- 2023: Establishment of SEIPC
- 2023: First regulatory framework published
- 2024: Digital assets regulation introduced
- 2025: International cooperation agreements signed
Annual Reports
Explore our annual reports to learn more about our activities and achievements over the years.
View Annual Reports