{"id":121,"date":"2025-06-04T20:32:15","date_gmt":"2025-06-04T20:32:15","guid":{"rendered":"https:\/\/fsc.projectfive.co.ck\/?page_id=121"},"modified":"2025-06-27T10:19:06","modified_gmt":"2025-06-27T10:19:06","slug":"reports","status":"publish","type":"page","link":"https:\/\/fsc.projectfive.co.ck\/?page_id=121","title":{"rendered":"Reports"},"content":{"rendered":"<section class=\"bde-section-121-100 bde-section\">\n              \n  \n  \n\t\n\n  <div class=\"section-background-overlay\"><\/div>\n\n\n<div class=\"section-container\"><h1 class=\"bde-heading-121-101 bde-heading\">\nReports\n<\/h1><\/div>\n<\/section><section class=\"bde-section-121-102 bde-section\">\n  \n  \n\t\n\n\n\n<div class=\"section-container\"><div class=\"bde-div-121-104 bde-div\">\n  \n  \n\t\n\n\n\n<div class=\"bde-rich-text-121-103 bde-rich-text breakdance-rich-text-styles\">\n<p>The Financial Supervisory Commission is responsible for providing an Annual Report, containing the information necessary to enable an informed assessment of its operations.<\/p><p>The FSC is also responsible for providing a Statement of Corporate Intent, which is a prospective view of how government policy affects the Commission and also includes a budget for the forthcoming year.<\/p><h4 id=\"strategic-roadmap\">Strategic Roadmap<\/h4><p>The Financial Supervisory Commission has approved a four-year Strategic Roadmap which explains how it intends to prioritise and build capacity to meet its vision and mission over the coming years.\u00a0Aligned to our legislated mandate, the strategic roadmap provides a broad overview of the key strategic priorities informing the annual Statement of Corporate Intent.<\/p><p><a href=\"https:\/\/www.fsc.gov.ck\/Documentation\/FC\/Strategic%20Roadmap_Final_26.03.21.pdf\">Strategic Roadmap 2021-2025<\/a><\/p><h4 id=\"statement-of-corporate-intent\">Statement of Corporate Intent<\/h4><p>The<a href=\"https:\/\/www.fsc.gov.ck\/Documentation\/FC\/Financial%20Supervisory%20Commission%20Act%202003.pdf\">\u00a0<\/a><a href=\"https:\/\/www.fsc.gov.ck\/Documentation\/FC\/fsc-2003.pdf\" target=\"_blank\" rel=\"noopener\">Financial Supervisory Commission Act 2003<\/a>\u00a0requires the Financial Supervisory Commission Board to provide a Statement of Corporate Intent to the Minister for Finance by 31 March each year. The Statement contains Government policy as it affects the operations of the Commission for the next financial year and the succeeding year.<\/p><p>The Act requires the following information to be provided in the Statement:<\/p><p id=\"bullet\">FSC's objectives<\/p><ul><li id=\"bullet\">Nature and scope of the activities to be undertaken<\/li><li id=\"bullet\">Performance targets and other measures by which the performance of the FSC can be judged<\/li><li id=\"bullet\">Financial resources needed to achieve these targets<\/li><li id=\"bullet\">Costs of recognising Government policies<\/li><li id=\"bullet\">FSC's accounting policies<\/li><li id=\"bullet\">Any other matters agreed between the FSC and the Minister.<\/li><\/ul><p><a href=\"https:\/\/www.fsc.gov.ck\/Documentation\/FC\/2023-2024%20SOCI.pdf\">Statement of Corporate Intent 2023-2024<\/a><\/p><p><a href=\"https:\/\/www.fsc.gov.ck\/Documentation\/FC\/Statement%20of%20Corporate%20Intent%202022-2023.pdf\">Statement of Corporate Intent 2022-2023<\/a><\/p><p><a href=\"https:\/\/www.fsc.gov.ck\/Documentation\/FC\/2.1%202021.22%20Statement%20of%20Corporate%20Intent.pdf\">Statement of Corporate Intent 2021-2022<\/a><\/p><p><a href=\"https:\/\/www.fsc.gov.ck\/Documentation\/FC\/full%20soci.pdf\">Statement of Corporate Intent 2020-2021<\/a><\/p><p><a href=\"https:\/\/www.fsc.gov.ck\/Documentation\/FC\/2019-20%20Statement%20of%20Corporate%20Intent.pdf\">Statement of Corporate Intent 2019-2020<\/a><\/p><p><a href=\"https:\/\/www.fsc.gov.ck\/Documentation\/FC\/FSC%20Statement%20of%20Corporate%20Intent%202018.19.pdf\">Statement of Corporate Intent 2018-2019<\/a><\/p><p><a href=\"https:\/\/www.fsc.gov.ck\/Documentation\/FC\/2017-18%20SOCI.pdf\">Statement of Corporate Intent 2017-2018<\/a><\/p><p><a href=\"https:\/\/www.fsc.gov.ck\/Documentation\/FC\/SOCI%202016.17.PDF\">Statement of Corporate Intent 2016-2017<\/a><\/p><p><a href=\"https:\/\/www.fsc.gov.ck\/Documentation\/FC\/SOCI%202015-16.pdf\">Statement of Corporate Intent 2015-2016<\/a><\/p><h4 id=\"annual-report\">Annual Report<\/h4><p>Each year the Financial Supervisory Commission Board is required to prepare an Annual Report for the previous financial year.<\/p><p>The report must include statements of:<\/p><ul><li>Financial position<\/li><li>Financial performance<\/li><li>Cashflows<\/li><li>Commitments<\/li><li>Specific fiscal risks<\/li><li>Accounting policies<\/li><li>Outputs and outcomes actually achieved<\/li><\/ul><p>The report is required to be provided to the Minister for Finance before 31 October each year and after it is tabled in Parliament by the Minister.<\/p><p><a href=\"https:\/\/www.fsc.gov.ck\/Documentation\/FC\/Annual%20Report%20and%20Statutory%20Accounts%202021-2022%20(ID%2025219).pdf\">Annual Report 2022\u20132023<\/a><\/p><p><a href=\"https:\/\/www.fsc.gov.ck\/Documentation\/FC\/Annual%20Report%20and%20Statutory%20Accounts%202021-2022%20(ID%2025219).pdf\">Annual Report 2021\u20132022<\/a><\/p><p><a href=\"https:\/\/www.fsc.gov.ck\/Documentation\/FC\/2020-2021%20FSC%20Annual%20Report%20(ID%2019459).pdf\">Annual Report 2020\u20132021<\/a><\/p><p><a href=\"https:\/\/www.fsc.gov.ck\/Documentation\/FC\/2019-20%20Annual%20Report%20and%20Financial%20Statements.pdf\">Annual Report 2019\u20132020<\/a><\/p><p><a href=\"https:\/\/www.fsc.gov.ck\/Documentation\/FC\/FSC%202018-19%20Annual%20Report%20and%20Accounts.pdf\">Annual Report 2018\u20132019<\/a><\/p><p><a href=\"https:\/\/www.fsc.gov.ck\/Documentation\/FC\/FSC%20Annual%20Report%2030.06.2018.pdf\">Annual Report 2017\u20132018<\/a><\/p><p><a href=\"https:\/\/www.fsc.gov.ck\/Documentation\/FC\/FSC%20Annual%20Report%202016-17.pdf\">Annual Report 2016\u20132017<\/a><\/p><p><a href=\"https:\/\/www.fsc.gov.ck\/Documentation\/FC\/FSC%20Annual%20Report%202015-2016.pdf\">Annual Report 2015\u20132016<\/a><\/p><p><a href=\"https:\/\/www.fsc.gov.ck\/Documentation\/FC\/2014-15%20Annual%20Report.pdf\">Annual Report 2014\u20132015<\/a><\/p>\n<\/div>\n<\/div><\/div>\n<\/section>","protected":false},"excerpt":{"rendered":"<p>Reports The Financial Supervisory Commission is responsible for providing an Annual Report, containing the information necessary to enable an informed assessment of its operations.The FSC is also responsible for providing a Statement of Corporate Intent, which is a prospective view of how government policy affects the Commission and also includes a budget for the forthcoming [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_breakdance_hide_in_design_set":false,"_breakdance_tags":"","footnotes":""},"class_list":["post-121","page","type-page","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/fsc.projectfive.co.ck\/index.php?rest_route=\/wp\/v2\/pages\/121","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/fsc.projectfive.co.ck\/index.php?rest_route=\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/fsc.projectfive.co.ck\/index.php?rest_route=\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/fsc.projectfive.co.ck\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/fsc.projectfive.co.ck\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=121"}],"version-history":[{"count":8,"href":"https:\/\/fsc.projectfive.co.ck\/index.php?rest_route=\/wp\/v2\/pages\/121\/revisions"}],"predecessor-version":[{"id":399,"href":"https:\/\/fsc.projectfive.co.ck\/index.php?rest_route=\/wp\/v2\/pages\/121\/revisions\/399"}],"wp:attachment":[{"href":"https:\/\/fsc.projectfive.co.ck\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=121"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}