The Eastern Caribbean Securities Regulatory Commission (ECSRC) is pleased to announce the granting of a broker-dealer licence to ECFH Global Investment Solutions Limited. The company is now eligible to operate in the Eastern Caribbean Securities Market. As a full service broker, ECFH Global Investment Solutions Limited is authorised to trade on behalf of investors on the Eastern Caribbean Securities Exchange, offer advice on the sale and purchase of securities as well as on financial planning and the issue of new stocks.
Consequent on the approval of this licence, the Eastern Caribbean Securities Regulatory Commission (ECSRC) has revoked the broker-dealer licence of the Bank of Saint Lucia Ltd. Both companies, Bank of Saint Lucia Ltd and ECFH Global Investment Solutions Ltd are wholly-owned subsidiaries of East Caribbean Financial Holding Company Ltd.
ECFH Global Investments Solutions Limited is one of thirteen licensed intermediaries operating in the Eastern Caribbean Securities Market. The others are Antigua Commercial Bank, ABI Bank Ltd, Bank of Nevis, Caribbean Money Market Brokers Ltd, National Bank of Anguilla Ltd, National Commercial Bank (SVG) Ltd, National Mortgage Finance Company of Dominica, Republic Finance and Merchant Bank Ltd, RBTT Merchant Bank Ltd, Citicorp Merchant Bank Ltd, St Kitts-Nevis-Anguilla National Bank Ltd and Trinidad and Tobago Unit Trust Corporation Ltd.
The ECSRC is the regulator of securities business in the Eastern Caribbean Currency Union (ECCU). The member territories of the ECCU are Anguilla, Antigua and Barbuda, Commonwealth of Dominica, Grenada, Montserrat, St Kitts and Nevis, Saint Lucia, and St Vincent and the Grenadines. The securities industry in the ECCU is governed by uniformed securities legislation, the Securities Act 2001 and amendments, and Regulations to the Act.
