Vanuatu Financial Services Commission(VFSC)

The Vanuatu Financial Services Commission (VFSC) was formally established in December 1993, after the Vanuatu Parliament enacted the Vanuatu Financial Services Commission Act No. 35 of 1993. Previous to this, we were the Registrar of Companies and the Official Receivership Department of the Treasury since 1971 under the then, British Administration and after independence in July 1980, the Ministry of Finance and Economic Management. The VFSC is headed by a Commissioner as its Chief Executive Officer. The Commissioner reports to a Board of Directors appointed by the Honorable Minister of Finance and Economic Management for a term of 5 years. There are seven members comprising two ex-officio members, one member with legal qualification and experience and four others (two of which must possess financial expertise and experience). The Board is currently chaired by Mr. Lenox Vuti.