5.24.2   Continue  Addressing  Jurisdiction  Overlap  of  SEC,  BoG  and  NIC  via  JCFSRC   The  BoG  for  its  part  has  put  in  place  training  programs  for  its  staff  about  jurisdiction  overlaps   and   works   with   both   the   SEC   and   National   Insurance   Commission   (NIC)   when   it   comes   to   matters  relating  to  securities  market  developments  and  insurance  activities.   5.24.3   Develop  a  Fully  Electronic  Market  Surveillance  System   The  electronic  market  surveillance  system  being  developed  by  SEC  is  ongoing  and  it  is  expected   to  be  built  on  GSE  automation.  The  BoG  has  e-­‐facts  to  address  electronic  market  surveillance   issues  and  the  introduction  of   Off-­‐shore   Banking   and   Anti-­‐Money   Laundering   Act   has   helped   in   monitoring  the  market.   Most   rural   banks   are   poorly   networked   and   this   makes   it   difficult   to   monitor   them   electronically.             121