(127) As the result, OFSI enjoys powers similar to those of the FSA with respect to directors and officers of financial institutions; in principle, it can second-guess the decisions of shareholders and boards about who should run the firm.
In 2004, OFSI announced that it would no longer treat so-called "global-style" liquidity lines as off-balance-sheet assets, meaning that they would be subject to a capital requirement.
26 September 2016 - US-based oilfield and tubular service company OFS International LLC has completed the buyout of a 75% stake resulting in OFSi management becoming the company's controlling shareholder, the company said.
Headquartered in Houston, TX, OFSi provides threading, inspection, pipe repair and casing running supervision services, as well as produces couplings, pipe accessories and downhole tools.