In the meantime, the Financial Services Ombudsman is preparing a Strategic Plan which would give consideration to: 1. Removing the current limitations in the scope of services for addressing complaints that come under the Ombudsman;  2. Expanding the Ombudsman’s mandate to have oversight over new financial institutions – Credit Unions, the Unit Trust Corporation, Pension Schemes and Mutual Funds;  3.
Highlights of the New Framework With the law in effect and the Registry in place, there are some key information that lenders, businesses and consumers will need to be aware: (i) For Lenders All transactions that involve moveable property standing good for the performance of an obligation such as a repayment of a loan will now require a notice to be published on the online Registry in order to have a legal effect of a security interest.