The Financial Services Act lays down the powers necessary to enable the FSC to effectively discharge its functions particular to Enforcement. The Act provides that the Commission may:

• give directions to any person to ensure compliance with a relevant Act or guideline;
• with respect to a present or past licensee or any person who is a present or past officer, partner, shareholder, or controller of a licensee –

1. issue a private warning;
2. issue a public censure;
3. disqualify a licensee from holding a licence or a licence of a specified kind for a specified period;
4. in the case of an officer of a licensee, disqualify the officer from a specified office or position in a licensee for a specified period;
5. impose an administrative penalty;
6. revoke a licence.