East Caribbean Securities Regulatory Commission:

Tip: To make an effective complaint learn more.
Tip: In the Eastern Caribbean Currency Union there are laws which provide legal recourse if you were defrauded in a securities transaction.  Learn more.
Tip: If an investment guarantees an incredibly high return it is likely to be a scam. Seek guidance from a trained licensed individual.  Learn more.
Tip: If you habitually spend less than you earn this may signal that you have funds to put towards investment. Learn more.
News:
News: This WARNING is issued by the Eastern Caribbean Securities Regulatory Commission (“the Commission/ECSRC”) pursuant to Article 5(q) of the Eastern Caribbean Securities Regulatory Commission Agreement 2020 and the Commission’s mandate to protect investors under the Securities Act 2001 of the laws of the member countries of the Eastern Caribbean Currency Union (ECCU).
News: Crowdfunding: the ECSRC invites MSMEs and investors interested in crowdfunding to register for a series of free awareness-raising and training activities…
News: At its 75th Meeting held on 26 November 2019, the Commission unanimously agreed to adopt administrative procedures for the notification of changes in material information contained in approved prospectuses. Material information, as defined in the revised Securities (Accounting and Financial Reports) Rules that were reissued to the market in June 2019, is “information relating to the business, operations or securities of an issuer that would reasonably be expected to significantly affect the value or market price of the issuer or a security of the issuer.”
News: In accordance with Article 29(1) of the Eastern Caribbean Securities Regulatory Commission Agreement 2000, I have the honour to transmit herewith the Eastern Caribbean Securities Regulatory Commission Annual Report on its activities for the year ended 31 March 2019.
News: Globally, virtual currencies are becoming increasingly popular as a means to conduct traditional business in the financial and capital markets.  These transactions also include invitations to the public to invest in these virtual currencies or to participate in funding activities including Initial Coin Offerings (ICOs) or other Token Generating Events.  
News: The public is hereby notified that effective 3 May 2018, the Eastern Caribbean Securities Regulatory Commission (ECSRC) has revoked the broker-dealer licence (No. TT-BD-0006-11) of RBC Merchant Bank (Caribbean) Limited, as the company has ceased to hold itself out as carrying on the business of a licensed broker-dealer in the Eastern Caribbean Securities Market (ECSM).
News: Compliance and Internal Control Guidelines for Entities Licensed under the Securities Act
Annualize: Annualize means to convert a rate of return from a periodic basis to on an annual basis.
Asset: An asset means anything having commercial or exchange value that is owned by a business, institution, or individual. Financial instruments, in the form of securities, are classified as capital/financial assets.
Bond: A bond is an interest bearing or discounted government or corporate debt security that obligates the issuer (corporate or government entity) to pay the bondholder (investor).
Capital Gain: Capital Gain refers to the increase in the value of a financial asset.

Contact Person

Margaret Cox

Issuer Name:

First Citizens Investment Services Ltd, Saint Lucia

Issuer Address:

John Compton Highway
San Souci
Castries
Saint Lucia

Mailing Address:

P O Box 1294
Castries
Saint Lucia

Telephone Number:

1-758-458-6375 ext 7202

Telephone Number 2:

1-758-458-6378

Mobile Number:

1-758-485-8005

Fax Number

1-758-451-7984

Email Address:

Margaret.Cox@firstcitizensslu.com

Email Address:

Date of Incorporation

27 June, 2005

Place of Incorporation

Saint Lucia

Company/Corporate Secretary

Mrs Julieanne Griffith

Financial Year End

30 September

REGULATORY ACTION

SENIOR MANAGERS AND OFFICERS

Ms Sana Ragbir, General Manager
Mr Stephen Thomas, Assistant General Manager
Mrs Julieanne Griffith, Manager - Compliance, Legal, Compliance & Governance Division
Mr Omar Burch-Smith, Business Development Manager

NAME OF DIRECTORS

Mr Anthony Isidore Smart, Chairman
Ms Karen Darbasie
Mr Ryan Proudfoot
Mr Troy Garcia
Ms Idrees Omardeen
Ms Jayselle McFarlene
Mr David Inglefield
Ms Nicole De Freitas
Mr Ian Narine
Mr Sterling Frost

DETAILS OF SUBSTANTIAL SHAREHOLDERS AND NUMBER OF SHARES HELD

SHAREHOLDING:
637,697 Common Class Shares

DIRECTIVES ISSUED TO THE COMPANY:

NOTES:

Mrs Carole Eleuthere-JnMarie is temporarily reassigned to First Citizens Bank (Barbados) Limited as Chief Executive Officer, effective 1 December 2016 until further notice. As such Mrs Eleuthere-JnMarie shall not engage in the conduct of any securities business in the Eastern Caribbean Securities Market, as permitted by her Principal Licence SL-PL-0003-10, while she is assigned as Chief Executive Officer for First Citizens Bank (Barbados) Limited.

Ms Norlann Gabriel is accredited to First Citizens Investment Services (FCIS) Saint Lucia but is assigned to the FCIS Branch Office in St Vincent and the Grenadines. Effective 6 September 2017, Ms Gabriel was reassigned to First Citizens Investment Services Ltd, Barbados as Country Manager, until further notice. For the time Ms Gabriel is reassigned, her Licence will be maintained in the Register of Licensees, however she shall not engage in the conduct of any securities business in the Eastern Caribbean Securities Market (ECSM), as permitted by the Principal Licnece, due to the re-assignment.

Ms Temelia Providence is accredited to First Citizens Investment Services (FCIS) Saint Lucia but is assigned to the FCIS Branch Office in St Vincent and the Grenadines.