The Office of the Secretariat of the Eastern Caribbean Securities Regulatory Commission is now open for normal operations from Tuesday to Thursday each week from 8:00 am to 4:00 pm.
We continue to work remotely on Monday and Friday each week. You may contact us via email at email@example.com or telephone 1 (869) 465-2537.
Thank you for your continued patience and cooperation.X
Before a private offer of securities can be made, the ECSRC has to first assess the offer and determine if it is in fact a private offer, or if the securities will be offered to the general public. Following assessment, if it is determined that the offer is a private placement, initial disclosure requirements of the Securities Act will be inapplicable. Subsequent to the authorisation and issue of the securities, a complete list of purchasing investors should be provided to the ECSRC.
In order for the ECSRC to assess the offer, the applicant for a private placement should submit a letter of intent along with the following information:
The applicant is also required to inform the prospective investors that the transfer of securities acquired via private placement is to be restricted to persons within the initial group of investors and the issuer. The expressed permission of the ECSRC must be obtained for a transfer of securities not meeting the foregoing requirement.