{"id":1329,"date":"2025-02-05T08:31:14","date_gmt":"2025-02-05T06:31:14","guid":{"rendered":"https:\/\/financialombudsman.org.cy\/?page_id=1329"},"modified":"2025-06-03T16:21:27","modified_gmt":"2025-06-03T13:21:27","slug":"powers-of-the-commissioner","status":"publish","type":"page","link":"https:\/\/financialombudsman.org.cy\/en\/powers-of-the-commissioner\/","title":{"rendered":"Powers &#038; Responsibilities of the Commissioner"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">The Commissioner undertakes the <\/span><b>management and the internal organization of the Financial Commissioner (Ombudsman)<\/b><span style=\"font-weight: 400;\">, the <\/span><b>complaints handling<\/b><span style=\"font-weight: 400;\"> against financial enterprises (banks, credit acquisition companies, investment companies, insurance companies, etc.) and the <\/span><b>appointment of a mediator<\/b><span style=\"font-weight: 400;\"> to facilitate the restructuring of credit facilities.<\/span><\/p>\n<p><b>The commissioner also has the power to:<\/b><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Maintain and publish a <strong><a href=\"https:\/\/financialombudsman.org.cy\/en\/register-of-mediators-of-the-office-of-the-financial-commissioner\/\">Special Register of Mediators<\/a><\/strong>.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Implement the decisions of the Board of Directors.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Prepare, submit and publish reports.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Prepare and issue instructions.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Cooperates with the competent bodies of other member states and with the competent supervisory authorities of the Republic in matters of its competence.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Publish newsletters to inform consumers.<\/span><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_acf_changed":false,"footnotes":""},"class_list":["post-1329","page","type-page","status-publish"],"acf":[],"_links":{"self":[{"href":"https:\/\/financialombudsman.org.cy\/en\/wp-json\/wp\/v2\/pages\/1329","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/financialombudsman.org.cy\/en\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/financialombudsman.org.cy\/en\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/financialombudsman.org.cy\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/financialombudsman.org.cy\/en\/wp-json\/wp\/v2\/comments?post=1329"}],"version-history":[{"count":4,"href":"https:\/\/financialombudsman.org.cy\/en\/wp-json\/wp\/v2\/pages\/1329\/revisions"}],"predecessor-version":[{"id":2913,"href":"https:\/\/financialombudsman.org.cy\/en\/wp-json\/wp\/v2\/pages\/1329\/revisions\/2913"}],"wp:attachment":[{"href":"https:\/\/financialombudsman.org.cy\/en\/wp-json\/wp\/v2\/media?parent=1329"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}