East Caribbean Securities Regulatory Commission:

Broker Dealer

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A company that carries on the business of dealing in securities, or holds itself out as conducting such business, as defined in the legislation.

This market participant generally provides full broker dealer services including investment banking, buying and selling of securities, underwriting, holding discretionary and non-discretionary accounts, and providing investment advice.

The legislation informs that carrying on business dealing in securities, (whether acting as principal or agent) by way of business involves:

making or offering to make an agreement with another person to enter into or offer to enter into an agreement, for or with a view to acquiring, disposing of, or subscribing for or underwriting securities;
making or offering to make an agreement that effects or causes to effect a securities transaction; or
managing a portfolio of securities for another person where the portfolio manager may hold property of the other person.

Title

First Citizens Investment Services Ltd, Saint Lucia

First Citizens Investment Services Ltd, Trinidad & Tobago

Grenada Co-operative Bank Ltd

The Bank of Nevis Limited

St Kitts-Nevis-Anguilla National Bank Ltd

Bank of St Vincent and the Grenadines Ltd

Bank of Saint Lucia Ltd

First Citizens Investment Services Ltd, St Vincent

FirstCaribbean International Bank (Barbados) Ltd

Sagicor Asset Management Inc

Antigua Commercial Bank Limited trading as ACB Caribbean

Investment Advisor Company

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A company which carries on the business of giving advice on securities, or holds itself out as conducting such a business, as defined by the legislation. Such a company is regarded as carrying on business giving advice on securities if it is involved in the business of advising others concerning investment in securities, issuing analyses or reports concerning specific securities, and/or managing a portfolio of securities for a client without holding the client’s property.

Title

Beckles & Regis Consultancy Services Ltd

Individual : Principal

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Principal is construed in accordance with the definition provided under PART IV of the Securities Act.
A principal is generally an individual who is actively involved in the management and daily supervision of the business (for example trading, operational, sales, compliance and staff) of a Broker Dealer, Limited Service Broker or an Investment Adviser that is a company.

Name

Aaron Logie

Company Name

Grenada Co-operative Bank Ltd

Bank of St Vincent and the Grenadines Ltd

St Kitts-Nevis-Anguilla National Bank Ltd

FirstCaribbean International Bank (Barbados) Ltd

Grenada Co-operative Bank Ltd

Bank of St Vincent and the Grenadines Ltd

St Kitts-Nevis-Anguilla National Bank Ltd

The Bank of Nevis Limited

First Citizens Investment Services Ltd, Saint Lucia

Beckles and Regis Consultancy

First Citizens Investment Services Ltd, Trinidad & Tobago

Antigua Commercial Bank Limited trading as ACB Caribbean

First Citizens Investment Services Ltd, Saint Lucia

Individual : Representatives

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A Representative is usually accredited to a broker dealer, a limited service broker’, or an investment adviser (company) as the case may be. The definition of a Representative is construed in accordance with the definition provided for in the Securities Act. Accredited Representatives usually engage in securities business activities which may include investment banking, dealing (excluding Investment Adviser representatives), advising, trading, marketing, business development and solicitation or conduct of business in securities. Individuals can hold a Representative Licence without accreditation, however, these individuals are not authorized to operate in the ECSM unless the Commission is notified of an accreditation to a broker dealer, limited service broker, or an investment adviser company.

Name

Patricia John

Company Name

Bank of St Vincent and the Grenadines Ltd

St Kitts-Nevis-Anguilla National Bank Ltd

St Kitts-Nevis-Anguilla National Bank Ltd

Bank of St Vincent and the Grenadines Ltd

The Bank of Nevis Limited

Grenada Co-operative Bank Ltd

First Citizens Investment Services Ltd, Trinidad & Tobago

The Bank of Nevis Limited

Shaiiede Kallicharran

First Citizens Investment Services Ltd, St Vincent

Grenada Co-operative Bank Ltd

Stephanie Gustave-Antoine

Beckles and Regis Consultancy

Michelle Casseau-Felicien

First Citizens Investment Services Ltd, St Vincent

Antigua Commercial Bank Limited trading as ACB Caribbean

Individual : Investment Advisor

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An individual who carries on the business of giving advice on securities, or holds himself out as conducting such a business, as defined by the legislation. Such a person is regarded as carrying on business giving advice on securities if he is involved in the business of advising others concerning investment in securities, issuing analyses or reports concerning specific securities, and/or managing a portfolio of securities for another person without holding property of the other person.

Custodian

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Custodian is construed in accordance with the definition provided under PART IV of the Securities Act. This is a financial services company whose business is to hold or take custody (by way of maintaining electronic records or taking physical possession) of the securities of investors in safekeeping.

Title

Bank of Saint Lucia Ltd

CIS : Collective Investment Scheme

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The Securities Act defines a Collective Investment Scheme as:
- a unit trust;
- an investment company;
- investment contracts, investment programmes or any other arrangements with respect to property of any description, including money, the purpose or effect of which is to enable persons taking part in the arrangements (whether by becoming owners of the property or any part of it or otherwise) to participate in or receive profits or income arising from the acquisition, holding, management or disposal of the property or sums paid out of such profits or income; and
- any scheme that the Commission may deem to be a collective investment scheme for the purpose of the Securities Act.

Title

Bank of Nevis Mutual Fund Ltd

Sagicor International Balanced Fund

UTC Global Balanced Fund Ltd

CIS : Custodian

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This is defined under the Securities Act as any person to whom the property of the scheme is entrusted for safekeeping. A Collective Investment Scheme Custodian is generally legally responsible for holding the assets of a collective investment scheme on behalf of its participants.

Title

First Citizens Investment Services Ltd, Trinidad & Tobago

FirstCaribbean International Bank (Barbados) Ltd

Eastern Caribbean Securities Depository Limited

CIS : Management Company

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A management company in relation to a collective investment scheme, as defined by the legislation is a company whose business is to manage the affairs of a collective investment scheme on behalf of its participants.

Title

Bank of Nevis Fund Managers Ltd

Sagicor Asset Management (Eastern Caribbean) Limited

UTC Fund Management Company Service STL Ltd

BOSL Fund Management Company Ltd

SRO : Self Regulatory Organisations

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Self-Regulatory Organizations are institutions possessing statutory responsibility to regulate their members through the adoption and enforcement of rules governing fair, ethical and efficient practices.

The following institutions may become licensed as Self-Regulatory Organisations under the Securities Act:
(1) Exchanges
(2) Broker - Dealer Associations;
(3) Depositories;
(4) Independent Share Registrars; and
(5) Investment Funds Associations

SRO : Securities Exchange

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A market, exchange, place or facility that provides for bringing together on a regular basis purchasers and sellers of securities, and sets rules for the execution of securities transactions or for the negotiation or conclusion of sales and purchases of securities, but does not include:

the office or facilities of a member of a licensed securities exchange; or
the office or facilities of a clearing agency or securities depository.

Title

Eastern Caribbean Securities Exchange Limited

SRO : Securities Clearing Agency

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A company whose business is the provision of services for the clearing and settlement of transactions in securities.

Title

Eastern Caribbean Central Securities Depository Limited

Securities Registry

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A company whose business is the maintenance of the main record of shares of companies and of securities holders’ records of ownership and trading transactions.

Title

Eastern Caribbean Central Securities Depository Limited

Limited-Service Broker Dealer

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A company that carries on the business of dealing in securities, or holds itself out as conducting such business, as defined in the legislation. This market participant is restricted to executing securities trades on its own account and on behalf of customers, together with any necessary and incidental activities. A limited service broker shall not provide services such as investment advice, investment banking and underwriting or hold discretionary accounts for customers.

Title

Sheppard Investment Services Limited

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