Regulatory and Supervisory Updates
Revised Issuer Reporting Forms Issued in 2015
To ensure that public companies continued to provide full, timely and accurate information that meets the needs of the investing public, in 2015, the ECSRC undertook a comprehensive review of the ECSRC Reporting Rules.
The Rules were revised and approved for issue by the Commissioners at its 58th Meeting on 2 September 2015. The Reporting Rules were subsequently published in the Official Gazette in each ECCU Member Territory.
As at 31 December 2015, the revised rules were in force in all ECCU Member Territories.
ECSRC to introduce Repurchase Agreement (Repo) Guidelines for the ECSM
As the designated authority for licensing, supervising and regulating the activities of securities market operators, the ECSRC set standards for regulating the manner of trading and the range of securities traded, issued and offered on the ECSM. On 1 April 2016, the ECSRC circulated Draft Interim Repo Guidelines to the market for comments from key stakeholders.
The purpose of the Guidelines is to offer better protection to investors by introducing a set of best practices on repurchase agreement transactions as well as to specify regulatory requirements that should be observed by licensed market intermediaries and all market actors when undertaking Repo transactions.
Are you a Repo Investor? Know your rights, share your views with the ECSRC and have a say in the development of the ECSM. You can access a copy of the Interim Repurchase Agreement (Repo) Guidelines for the ECSM on the ECSRC website at www.ecsrc.com.
Being an Alert Investor
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Kinds of Scams
Investment scams take many forms—and unfortunately criminals and con artists come up with new ones all the time. While the particulars of an actual investment scam might change, the basic kinds of securities fraud fall into...
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Red Flags
No reputable broker, investment sales representative or other investment professional should push you to make an immediate decision about an investment, or tell you that you’ve got to “act now.”
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Who Gets Victimized?
Almost anyone who invests is a potential fraud target, though you can reduce your vulnerability if you know what to guard against. One of the most basic cautions is not to be greedy. If you’re trying to get rich quick, there’s probably
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Fraud Prevention TipsTip #1: Identify the warning signs
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Fraud Prevention TipsTip #2: Take immediate action
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Fraud Prevention TipsTip#3: Report the fraud
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Market News
Registration of New Issuers
The Commission recently completed the registration of two issuers – Bank of St Vincent and the Grenadines and First Citizens Investment Services Ltd. Following the company’s registration with the ECSRC, the shares of the Bank of St Vincent and the Grenadines were listed on the Eastern Caribbean Securities Exchange in June 2016.
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New Licences 19 September, 2016 learn more
Regulatory Updates
Revised Issuer Reporting Forms Issued
To ensure that public companies continued to provide full, timely and accurate information that meets the needs of the investing public, in 2015, the ECSRC undertook a comprehensive review of the ECSRC Reporting Rules.
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ECSRC introduces Interim Repurchase Agreement (Repo) Guidelines for the ECSM 19 September, 2016 learn more