Eastern Caribbean Securities Regulatory Commission (ECSRC)
Eastern CaribbeanThe Eastern Caribbean Securities Regulatory Commission (ECSRC) is an independent, autonomous corporate body responsible for the regulation and supervision of the Eastern Caribbean Securities Market. The ECSRC oversees the licensing and supervision of market intermediaries, the Securities Exchange and Clearing Agency, the registration of Issuers and promotes investor protection through robust disclosure, market conduct and compliance and enforcement programs. In addition to its regulatory and supervisory function, the ECSRC is also responsible for promoting market development and innovation, including supporting initiatives that enhance financial inclusion and access to capital. The ECSRC’s mandate also includes fostering a fair, efficient and transparent securities market and promoting financial stability of the financial system in the member countries of the Eastern Caribbean Currency Union
Geographical Jurisdiction
Eastern Caribbean Currency Union (ECCU) The ECCU comprises of eight member countries: Grenada, Saint Vincent and the Grenadines, Saint Lucia, Antigua and Barbuda, Montserrat, the Commonwealth of Dominica, Anguilla, Saint Christopher (St Kitts) and Nevis.Securities Market
As regulator for the Eastern Caribbean Securities Market (ECSM), the ECSRC is presently facilitating market innovation through the following initiatives:
- Regulatory Sandbox- to support, promote, test and govern innovative securities business.
- Lead a team of regulators in developing a virtual assets supervisory framework within the region.
- Participate in working groups to research, report, assess and support emerging trends specific to areas innovation in the industry.
- Drafting rules and guidelines to govern tokenised securities trading platform and tokenised securities business.
Focus Area
Two of the ECSRC’s five strategic objectives are focused on (1) increasing retail investor participation in the Eastern Caribbean Securities Market and (2) improving the ease of doing business on the Eastern Caribbean Securities Market. In this regard, the ECSRC actively supports the advancement of initiatives that seek to leverage innovation and technology to enhance access, opportunities, and efficiency within its securities market. Additionally, it is imperative that the ECSRC collaborate with other regulators on regulatory approaches to emerging market trends and risks.
