Revised Laws of Saint Lucia (2021)

11.   Objects of the Authority

The objects of the Authority are—

  1.  

    (a)     the maintaining of public confidence in the financial system operating in Saint Lucia;

  1.  

    (b)     the promoting of public understanding and awareness of the financial system operating in Saint Lucia including the awareness of the benefits and risks associated with different kinds of investments or other financial dealings and the provision of appropriate information and advice; and

  1.  

    (c)     the securing of the appropriate degree of protection for consumers having regard to—

    1.  

      (i)     the differing degrees of risk involved in different kinds of regulated services,

    1.  

      (ii)     the differing degrees of experience and expertise that different consumers may have in relation to different kinds of regulated services,

    1.  

      (iii)     the needs that consumers may have for advice and accurate information, and

    1.  

      (iv)     the general principle that consumers should take responsibility for their decisions.