BASSETERRE St.Kitts, October 17th, 2011 -- The challenges encountered by the Eastern Caribbean Securities Regulatory Commission (ECSRC) in its quest for seamless regulation of the securities market, was among the agenda items when the Commission convened its 43rd meeting at the Headquarters of the Eastern Caribbean Central Bank (ECCB) this morning.
The ECSRC, which is the regulator of securities business in the Eastern Caribbean Securities Market (ECSM), was appointed by the Monetary Council of the Eastern Caribbean Central Bank (ECCB) and established on 19 October 2001. The primary functions of the Commission are to maintain the integrity of the ECSM; protect investors in securities; promote market efficiency and facilitate market development.
The ECSRC will mark its 10th anniversary as a body, as well as the establishment of a single securities market in the ECCU, on 19 October. To celebrate the occasion, the Chairman of the Commission will deliver a special anniversary address, which will be broadcast on radio and television throughout the ECCU.
The ECSRC comprises five Commissioners: the Chairman, Errol Allen of St Vincent and the Grenadines; Deputy Chairman, Arthur Thomas of Antigua and Barbuda; Lucia Livingston-Andall of Grenada; Ambrose Sylvester of the Commonwealth of Dominica and Vincent Richards of Antigua and Barbuda.
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