Requirements for a Limited Service Broker Licence

The licence requirements and documents to be submitted for a Limited Service Broker licence are the same as that provided for a broker-dealer licence, with the exception of the following:

• A non-refundable application fee of Seven Hundred and Fifty Eastern Caribbean Dollars (EC$750.00).
• The capital requirement for a limited service broker is Two Hundred and Fifty Thousand Eastern Caribbean Dollars (EC$250,000.00).
• The ECSRC on approval of an application for a licence, shall grant a licence to the applicant on payment by the applicant of a licence fee of Two Thousand Eastern Caribbean Dollars (EC$2,000.00).
• Licences are to be renewed annually on 1 April. On application for renewal of a licence, the ECSRC, if satisfied that the applicant has complied with the provisions of the Act and its accompanying Regulations, may grant the renewal on payment by the applicant of the annual renewal licence fee of One Thousand Five Hundred Eastern Caribbean Dollars (EC$1500.00).