Financial Institutions Supervised by the Commission
 

Co-operative Societies registered under the Co-operative Societies Act, Chapter 284;  
 
Friendly Societies enrolled under the Friendly Societies Act, Chapter 283;  
 
A real estate broker, but only to the extent that he receives funds in the course of his business to settle a real estate transaction i.e. any matter involving work that can only be done by or under the supervision of a lawyer  pursuant to section 22 of the Legal Profession Act, 1992; or by a current licenceholder under the Real Estate (Brokers and Salesmen) Act, 1995;  
 
Trustees, administration managers or investment managers of a superannuation scheme within the meaning of the Superannuation and other Trust   Funds (Validation) Act;  [EXCLUDES employee occupational retirement plans to which employee contributions are made entirely by salary deductions and the trust deed (or, as the case requires, the statute under which the scheme is constituted) prohibits a member from assigning his or her interest in the scheme to any other person; or any superannuation scheme in respect of which there has been no advertisement inviting the public or any section of the public to become contributors to the scheme];  
 
Any person in the business of borrowing or lending or investing money;  
 
Any person in the business of administering or managing funds on behalf of other persons;  
 
Any person in the business of acting as trustee in respect of funds of other persons;  
 
A counsel and attorney, where he receives funds in the course of his business to deposit or invest, settle real estate transactions, or hold in a client's account;  
 
An accountant, where he receives funds in the course of his business to deposit or invest.  
 
Any person in the business of providing financial services that involves the transfer or exchange of funds, including (without limitation) services relating to financial leasing, money transmissions, credit cards, debit cards, treasury certificates, bankers draft and other means of payment, financial guarantees, safekeeping of cash and liquid securities, and money changing; [this EXCLUDES the provision of financial services that consist solely of the provision of financial advice and security guard services within the meaning of the Inquiry Agents and Security Guards Act].    
 
N. B. In any case where the preceding activities form an integral part of the business services or products offered by a financial institution which is regulated by the Central Bank, the Securities Commission, the Registrar of Insurance or the Gaming Board, then for the purposes of the Financial Transactions Reporting Act such institution is subject to the supervisory control of the Regulator that has responsibility for its licensing.