The International Financial Services Commission, a Belizean regulatory body founded in 1999, is responsible for regulating all the forex brokerage firms, businesses, and organizations that are involved in financial markets and investment services. The IFSC is held accountable by the Ministry of Belize Securities and under the International Financial Services Commission Act. The IFSC also attempts to provide a user-friendly market environment for both Belizean and offshore investors by improving the financial markets and services of Belize on an international level, supervising the licensed Investment Services, Financial Advisors, Fund Management Companies, and Investment Schemes providers, granting licenses to the Investment firms and other monetary entities, and administering preventative and disciplinary measures to the IFSC authorized firms in case of financial misconducts.