Some of the ways in which the ECSRC serves to protect investors are:
Saving involves the protection and preservation of money from loss. It is the process of putting cash aside in extremely safe and liquid (meaning they can be accessed in a very short time) accounts. Investing, on the other hand, is the process of using money to purchase an asset that you think will generate an acceptable return over time. This however involves risk which may result in loss.
Participating in the ECSM has the potential to provide alternative sources of financing for firms and alternate sources of revenue for investors.
The ECSRC’s goals are to:
The Eastern Caribbean Securities Regulatory Commission is located in St Kitts and Nevis at the Eastern Caribbean Central Bank’s Financial Complex.
The ECSRC is comprised of five part-time Commissioners - two Commissioners from persons nominated by the Member territories, two Commissioners from persons nominated by the Chambers of Industry and Commerce, the Institutes of Chartered Accountants and the Bar Associations or from such other relevant professional bodies of the Member territories, and one Commissioner nominated by the Eastern Caribbean Central Bank. The selected nominees areappointed by the Monetary Council of the Eastern Caribbean Central Bank for terms of three to five years, with opportunity for reappointment.
The daily operations of the ECSRC are carried out by the ECSRC Secretariat which is managed by the Secretary. The ECSRC Secretariat is divided into four divisions, namely Administration, Market Regulation, Legal, Compliance and Enforcement and Corporation Finance. The ECSRC booklet outlines the functions of each division.
The primary functions of the ECSRC are to:
The ECSM is the financial sector of the ECCU in which transactions relating to the sale and purchase of securities take place.
The Eastern Caribbean Securities Regulatory Commission is a body corporate responsible for the regulation of the securities market, exchanges, persons engaged in securities business and the public issue of securities in the Eastern Caribbean Currency Union (ECCU).
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