The Eastern Caribbean Securities Regulatory Commission (“Commission”) informs of a revision of its licensing policy for individual licence holders. At present, a licence granted to an individual to operate as a Principal, Representative or Investment Adviser in the Eastern Caribbean Securities Market (ECSM) is subject to immediate revocation if the individual licence holder is no longer employed with a licensed intermediary and the Commission has not received the required notification of a change in the individual’s employer. Since the Securities Act 2001 does not provide for the reinstatement of a licence, a former licence holder must reapply, if he/she wishes to participate in the ECSM after his/her licence has been revoked by the Commission.
In fulfilling its mandate to promote a securities market that is fair, efficient and transparent, the Eastern Caribbean Securities Regulatory Commission (ECSRC), at its 76th Meeting held on 27 March 2020, approved the attached Eastern Caribbean Securities Market (ECSM) Corporate Governance Rules (No. 1 of 2020). These Rules shall apply to all public companies whose securities are listed on a securities exchange in the Eastern Caribbean Currency Union (ECCU) and any issuer that has or is proposing to raise capital through the public issue of its own securities in the ECSM.
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.”
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.
The International Forum for Investor Education (IFIE) Caribbean Working Group in partnership with the International Organisation of Securities Commissions (IOSCO) launches its annual World Investor Week (WIW) 2019 to raise awareness about the importance of investor education and protection ...
Let us do our part to protect our financial markets.