STATUTORY RULES AND ORDERS
2002, NO.10

Aliens Landholding Regulation (Exemption) Order, 2002 made by the Governor in Council under section 13 of the Aliens Landholding Regulation Ordinance 1976.

1. Citation: This Order may be cited as the Aliens Landholding Regulation (Exemption) Order, 2002.

2 Exemption: For the purpose of the trading in securities under the Securities Ordinance, 2001, any person who is a citizen of, resident of or a belonger to any member state of the Organisation of Eastern Caribbean States and any company incorporated and registered in any member state of the Organisation of Eastern Caribbean States and trading in securities is hereby declared to be exempt from the provisions of the Ordinance.

Made by the Governor in Council this 13th day of June, 2002

………………………
Governor

STATUTORY RULES AND ORDERS
2002, NO.11

Banking (Dealing in Shares) Order, 2002 made by the Minister after consultation with the Central Bank under section 16 (1) of the Banking Ordinance 1991.

1. Citation: This Order may be cited as the Banking (Dealing in Shares) Order, 2002.

2. Dealing A financial institution which is licensed under the Securities Act may deal in
in shares: shares for its own account provided that the aggregate value of such shares does not at any time exceed ten per cent of the sum of the unimpaired capital and reserves of the financial institution.

Made this 13th day of June, 2002

STATUTORY RULES AND ORDERS NO 61 OF 2001

ORDER MADE BY THE MINISTER UNDER SECTION 20 OF THE ALIENS (LAND HOLDING REGULATION) ACT, CHAPTER 13.

1. Citation: This Order may be cited as the Aliens (Land-Holding) Order 2001.

2. Declaration of For the purpose of the trading in securities under the Securities Act,
non-alien: 2001 any person who is a citizen of, resident of or a belonger to any member state of the Organisation of Eastern Caribbean States and any company incorporated and registered in any member state and trading in securities is hereby declared to be a non-alien for the purposes of the Act.

3. Commencement: This Order shall come into operation on the 4th day of October, 2001.

……………………………….
Minister responsible for National Security

STATUTORY RULES AND ORDERS NO 46 OF 2001

THE MINISTER FOR FINANCE, AFTER CONSULTING WITH THE CENTRAL BANK, UNDER SECTION 16 (1) OF THE BANKING ACT 1993 MAKES THE FOLLOWING ORDER:

1. Short title: This Order may be cited as the BANKING (DEALING IN SHARES) ORDER 2001.

2. Dealing A financial institution which is licensed under the Securities Act may deal in
in Shares: shares for its own account provided that the aggregate value of such shares does not at any time exceed ten per cent of the sum of the unimpaired capital and reserves of the financial institution

Made this 4th day of October, 2001.

……………………
Minister of Finance

STATUTORY RULES AND ORDERS NO 47 OF 2001

THE MINISTER IN EXERCISE OF THE POWER CONFERRED ON HIM BY SECTION 25(2) OF THE INCOME TAX ACT, NO 36 OF 1994 MAKES THE FOLLOWING ORDER:

1. Citation: This Order may be cited as the INCOME TAX (EXEMPTION) ORDER, 2001

2. Exemption: Subsection (1) of section 25 of the Income Tax Act 1994 is varied by adding the following paragraph:

"Any income accruing from trading in securities under the Securities Act to any citizen of, resident of or belonger to any member state of the Organisation of Eastern Caribbean States or to any company incorporated and registered in any member state of the Organisation of Eastern Caribbean States."

Made this 4th day of October, 2001

……………………
Minister of Finance

STATUTORY RULES AND ORDERS
NO.35 OF 2002

LANDHOLDING CONTROL (EXEMPTION) ORDER, 2002 MADE BY THE GOVERNOR-ON-COUNCIL UNDER SECTION 20 A OF THE LANDHOLDING CONTROL ORDINANCE (NO 2 OF 1970)

1. Citation: This Order may be cited as the Landholding Control (Exemption) Order, 2002.

2. Exemption: For the purpose of the trading in securities under the Securities Ordinance, 2001, any person who is a citizen of, resident of or a belonger to any member state of the Organisation of Eastern Caribbean States and any company incorporated and registered in any member state and trading in securities may acquire shares in companies resident in Montserrat without a licence.

Made by the Governor-in- Council on the 11th day of April, 2002

……………………
Clerk of the Council

Published by exhibition at the Clerk of Councils Office this 4th day of May, 2002

……………………
Clerk of the Council

BANKING (DEALING IN SHARES) ORDER 2002 MADE BY THE GOVERNOR AFTER CONSULTATION BY THE MINISTER WITH THE CENTRAL BANK UNDER SECTION 16 OF THE BANKING ORDINANCE (NO 14 of 1991).

1. Citation: This Order may be cited as the Banking (Dealing in Shares) Order, 2002.

2. Dealing A financial institution which is licensed under the Securities Act may deal in
in shares: shares for its own account provided that the aggregate value of such shares does not at any time exceed ten (10) per cent of the sum of the unimpaired capital and reserves of the financial institution.

Made by the Governor-in-Council this 11th day of April, 2002.

…………………..
Clerk of the Council

Published by Exhibition at the Clerk of Councils Office this 4th day of May, 2002.

…………………….
Clerk of the Council

THE INCOME TAX (EXEMPTION) ORDER 2002 MADE BY THE GOVERNOR-IN-COUNCIL UNDER SECTION 5 (Y) OF THE INCOME TAX ORDINANCE 1967 (19 OF 1967).

1. Citation: This Order may be cited as the Income Tax (Exemption) Order, 2002.

2. Exemption: The income accruing from trading in securities under the Securities Act to any citizen of, resident of or belonger to any member state of the Organisation of Eastern Caribbean States or any company incorporated in and registered in any member state of the Organisation of Eastern Caribbean States shall be exempt from the payment of tax under the Act."

Made by the Governor-in-Council this 11th day of April, 2002

……………………
Clerk of the Council

STATUTORY INSTRUMENT, 2001, NO.99

The Minister, in exercise of the power conferred by section 25 (1)(c ) of the Aliens (Licensing) Act 1999, No 9, makes the following Order:

Short title:

1. This Order may be cited as the Aliens (Licensing) (Exemption) Order, 2001.

Exemption:

2. For the purpose of the trading in securities under the Securities Ordinance, 2001, any person who is a citizen of, resident of or a belonger to any member state of the Organisation of Eastern Caribbean States and any company incorporated and registered in any member state and trading in securities is hereby declared to be exempt from the provisions of the Act.

Made this 27th day of September, 2001

………………….
Minister

STATUTORY INSTRUMENT, 2001, NO.97

The Minister after consultation with the Central Bank, in exercise of the power conferred by section 16 (1) of the Banking Act 1991, No 7, makes the following Order

Short title:

1. This Order may be cited as the Banking (Dealing in Shares) Order, 2001.

Dealing in shares:

2. A financial institution which is licensed under the Securities Act may deal in shares for its own account provided that the aggregate value of such shares does not at any time exceed ten per cent of the sum of the unimpaired capital and reserves of the financial institution.

Made this 27th day of September, 2001

………………..
Minister

STATUTORY INSTRUMENT, 2001, NO.98

The Minister for Finance, in exercise of the power conferred by section 25(2) of the Income Tax Act 1989 and with the approval of Cabinet makes the following Order:

Short title:

1. This Order may be cited as the Income Tax (Exemption) Order, 2001.

Exemption:

2. Section 25 of the Income Tax Act, 1989, No 1. is amended in subsection (1)

(a) by deleting the full stop appearing after paragraph (zd) and substituting a semi-colon; and

(b) by inserting the following paragraph immediately after paragraph (zd) -

"(ze) any income accruing from trading in securities under the Securities Act to any citizen of, resident of or belonger to any member state of the Organisation of Eastern Caribbean States or to any company incorporated in and registered in any member state of the Organisation of Eastern Caribbean States."

Made this 27th day of September, 2001

……………………
Minister for Finance

STATUTORY INSTRUMENT
2001, NO

THE NON-CITIZENS LAND HOLDING REGULATION (OECS CITIZENS, RESIDENTS AND BELONGERS EXEMPTION) ORDER, 2001 MADE UNDER SECTION 23 OF THE NON-CITIZENS LAND HOLDING REGULATION ACT.

1. Citation: This Order may be cited as the Non-citizens Land Holding Regulation (OECS Citizens, Residents and Belongers Exemption) Order, 2001.

2. Exemption: For the purpose of the trading in securities under the Securities Act, 2001, any person who is a citizen of, resident of or a belonger to any member state of the Organisation of Eastern Caribbean States and any company incorporated and registered in any member state and trading in securities is hereby declared to be a non-citizen for the purposes of the Act.

Made by the Governor-General this day of ,2001.

……………………..
Governor-General

N.B: Statutory Instrument number and date of signing is currently unavailable.

STATUTORY INSTRUMENT
2001, NO

THE INCOME TAX (CORPORATE TAXES AND WITHHOLDING TAX EXEMPTION ORDER, 2001, MADE BY THE CABINET UNDER SECTION 80 OF THE INCOME TAX ACT, CAP 212).

1. Short title: This Order may be cited as the Income Tax (Corporate Taxes and Withholding Tax) Exemption Order, 2001.

2. Exemption: For the purpose of the trading in securities under the Securities Act, 2001-

(a) any company incorporated and registered in any member state of the Organisation of Eastern Caribbean States and trading in Securities under the Securities Act is hereby exempt from the payment of corporate taxes on dividends or withholding taxes on dividends.

(b) any citizen of, resident of or belonger to any member state of the Organisation of Eastern Caribbean States and trading in Securities under the Securities Act is hereby exempt from the payment of withholding taxes on dividends.

Made this day of ,2001.

……………………………
Secretary to the Cabinet

N.B: Statutory Instrument number and date of signing is currently unavailable.

STATUTORY INSTRUMENT
2001, N0

The BANKING (DEALING IN SHARES) ORDER, 2001 MADE UNDER SECTION 16 (1) OF THE BANKING ACT.

1. Citation: This Order may be cited as the Banking (Dealing in Shares) Order, 2001.

2. Dealing A financial institution which is licensed under the Securities Act may deal
in shares: in shares for its own account provided that the aggregate value of such shares does not at any time exceed ten per cent of the sum of the unimpaired capital and reserves of the financial institution.

Made by the Minister this day of , 2001

……………………..
Minister

N.B: Statutory Instrument number and date of signing is currently unavailable.

STATUTORY RULES AND ORDERS NO OF 2001

Made by the Minister, after consultation with the Central Bank under section 16 (1) of the Banking Act (Chapter 73:01)

Short title: 1. This Order may be cited as the BANKING (DEALING IN SHARES) ORDER, 2001.

Dealing in Shares: 2. A financial institution which is licensed under the Securities Act may deal in shares for its own account provided that the aggregate value of such shares does not at any time exceed ten per cent of the sum of the unimpaired capital and reserves of the financial institution.

Made this day of , 2001

……………………
Minister of Finance

N.B: Statutory Rules and Orders number and date of signing is currently unavailable.

STATUTORY RULES AND ORDERS NO OF 2001

Made by the Cabinet under section 25 (2) of the Income Tax Act (Chapter 67:01).

1. Short title: This Order may be cited as the Income Tax (Exemption) Order, 2001.

2. Exemption: Section 25 of the Income Tax Act is amended in subsection (1)

(a) by deleting the full stop appearing after paragraph ( ) and substituting a semi-colon; and
(b) by inserting the following paragraph immediately after paragraph ( ) -
"( ) any income accruing from trading in securities under the Securities Act any citizen of, resident of or belonger to any member state of the Organisation of Eastern Caribbean States."

Made this day of , 2001

……………………………
Secretary to the Cabinet

N.B: Statutory Rules and Orders number and date of signing is currently unavailable.

STATUTORY RULES AND ORDERS
2001 NO

ALIENS LAND HOLDING REGULATION ACT (CAP.102)

Order made by the Governor-General on the advice of the Cabinet under section 19 of the Aliens Land Holding Regulation Act (Cap. 102) as amended

1. Citation: This Order may be cited as the Aliens Land Holding Regulation Act (Exemption of OECS citizens, residents and belongers) Order, 2001.

2. Exemption: By virtue of the power and authority vested in the Governor-General acting on advice of the Cabinet under section 19 of the Aliens Land Holding Regulation Act (Cap. 102) as amended, it is hereby ordered that -

For the purpose of the trading in securities under the Securities Act, 2001, any person who is a citizen of, resident of or a belonger to any member state of the Organisation of Eastern Caribbean States and any company incorporated and registered in any member state and trading in securities is hereby declared to be a non-alien for the purposes of the Act.

Made by the Governor-General on the advice of the Cabinet this day of, 2001

…………………….
Governor-General

N.B: Statutory Rules and Orders number and date of signing is currently unavailable.

STATUTORY RULES AND ORDERS
2001, NO

The Banking (Dealing in Shares) Order dated the day of , 2001, made by the Minister after consultation with the Central Bank, under section 16 (1) of the Banking Act, No 6. Of 1991.

1. Citation: This Order may be cited as the Banking (Dealing in Shares) Order 2001.

2. Dealing A financial institution which is licensed under the Securities Act may deal
in shares: in shares for its own account provided that the aggregate value of such shares does not at any time exceed ten per cent of the sum of the unimpaired capital and reserves of the financial institution.

……………………..
Minister of Finance

N.B: Statutory Rules and Orders number and date of signing is currently unavailable.

STATUTORY RULES AND ORDERS
2002, NO.23

IN EXERCISE of the power conferred by section 2 of the ALIENS (LAND-HOLDING REGULATION) ACT, the Governor-General makes the following Order:-

THE ALIENS (LAND-HOLDING REGULATION) ORDER 2002

1. Citation:

This Order may be cited as the Aliens (Land-Holding Regulation) Order 2002.

2. Declaration of non-alien:

For the purpose of the trading in securities under the Securities Act, 2001, any person who is a citizen of, resident of or a belonger to any member state of the Organisation of Eastern Caribbean States and any company incorporated and registered in any member state and trading in securities is hereby declared to be a non-alien for the purposes of the Act.

Dated the day of 2002.

………………….
Governor-General

N.B: Date of signing is currently unavailable.

STATUTORY RULES AND ORDERS
2001, N0

IN EXERCISE of the power conferred by section 16 (1) of the Banking Act, the Minister after consultation with the Central Bank makes the following Order:

THE BANKING (DEALING IN SHARES) ORDER, 2001.

1. Citation:

This Order may be cited as the Banking (Dealing in Shares) Order, 2001.

2. Dealing in shares:

A financial institution which is licensed under the Securities Act may deal in shares for its own account provided that the aggregate value of such shares does not at any time exceed ten per cent of the sum of the unimpaired capital and reserves of the financial institution.

Dated the day of , 2001

……………………
Minister

N.B: Statutory Rules and Orders number and date of signing is currently unavailable.

STATUTORY RULES AND ORDERS
2001, NO

IN EXERCISE of the power conferred by section 5 of the Stamp Act, the Governor-General makes the following Order:

THE STAMP DUTY (EXEMPTION) ORDER, 2001

1. Citation:

This Order may be cited as the Stamp Duty (Exemption) Order, 2001

2. Amendment of Schedule to Act:

The Schedule to the Act is amended by inserting the following [Exemption] as paragraph ( )

"Any transfer of shares of a company listed under the Securities Act made by or to a citizen of, resident of or belonger to a member state of the Organisation of Eastern Caribbean States."

Dated this day of , 2001.

…………………….
Governor-General

N.B: Statutory Rules and Orders number and date of signing is currently unavailable.

STATUTORY RULES AND ORDERS
2001, NO

IN EXERCISE of the power conferred by section 25 (20) of the Income Tax Act, the Cabinet makes the following Order:

THE INCOME TAX (EXEMPTION) ORDER, 2001

1. Citation: This Order may be cited as the Income Tax (Exemption) Order, 2001

2. Amendment of section 25 of Act:

Subsection (1) of section 25 of the Act is amended in subsection (1)

(a) by deleting the full stop appearing after paragraph ( ) and substitution a semi-colon; and
(b) by inserting the following paragraph immediately after paragraph ( ) -

"( ) any income accruing from trading in securities under the Securities Act to any citizen of, resident of or belonger to any member state of the Organisation of Eastern Caribbean States or to any company incorporated and registered in any member state of the organisation of Eastern Caribbean States.".

Dated the day of , 2001

……………………….
Secretary to the Cabinet

N.B: Statutory Rules and Orders number and date of signing is currently unavailable.