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Our History
The journey leading to the creation of this consumer protection, fair competition and utility regulatory body goes back to the middle of the last century. The FTC evolved from its predecessor the Public Utilities Board which was responsible for regulating public utilities such as electricity and telephone services, from 1955 until 2001.
However, as Barbados developed, the need arose for a new body with a broader mandate to deal with other areas which had become important such as fair competition and consumers’ rights.
Thus, the Fair Trading Commission eventually came into being on January 2nd, 2001, through the Fair Trading Commission Act.
Our Duties
- Determining principles, rates and
standards of service for regulated service providers;
- Monitoring general business conduct
- Investigating possible breaches of
the Acts administered by the FTC.
- Educating and informing businesses and consumers about the requirements of these Acts.
- Taking enforcement action when
needed
Our Values
- Effective - We
meet our established goals and objectives.
- Credible - We
are committed to giving timely and efficient service to consumers and
service providers and to consulting with interested parties in the
execution of our mission.
- Consistent - We
bring predictability to our decision-making process and issue guidelines and
directives where needed.
- Cerebral - Our
investigations and decisions are based on sound research and we
deliberately foster an intellectually challenging work environment.
- Proactive - We
anticipate issues, set priorities and lead in matters which are within our
mandate.
- Integrity - Our
procedures and practices are transparent. We carry out our activities with
the highest level of professionalism, fairness, trust, respect and
honesty.
Our People
The FTC has eleven
commissioners, drawn from various sectors of business. It is these
commissioners who make decisions on applications, issue orders, initiate
prosecution if needs be and create policy. Please click here for our Commissioner's bios...
- The Hon. Sir Neville Nicholls
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