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Market Warnings / Notices / Advisories

MARKET NOTICE: Continuing Disclosure Obligations of Reporting Issuers: Financial Reporting And Disclosure | Date: 2022-11-29

The International Organisation of Securities Commissions (IOSCO) Principles of Securities Regulation for Issuers (Principle 16) of securities states that “there should be full, accurate and timely disclosure of financial results, risk and other information which is material to investors’ decisions.” In a Public Statement issued on 14 November 2022, IOSCO encourages issuers, external auditors, as well as audit committees ‘to be particularly vigilant in times of economic uncertainty in their consideration of how risks and uncertainties that could affect or have affected an issuers’ operations, financial condition, cash flows and prospects can be transparently communicated to investors.’ The full Public Statement can be accessed via the following link: https://www.iosco.org/library/pubdocs/pdf/IOSCOPD720.pdf....read more

 
MARKET NOTICE: ECSRC APPROVES INVESTMENT ADVISER LICENCE | Date: 2022-08-05


On 1 July 2022, the ECSRC approved the grant of an Investment Adviser Licence to Beckles and Regis Consultancy.  

This licence authorises the business to advise clients on investment in securities; issue analyses or reports  concerning specific securities and to offer portfolio management services without holding clients’ assets and  on terms that preclude the business from doing so.  

Beckles and Regis Consultancy, located in Saint Christopher (St Kitts) and Nevis, is a business entity  founded by Sheena Regis and Ava Beckles, two qualified, young women with extensive experience in  the fields of Accounting, Investment and Risk Management...read more

MARKET NOTICE - ALERT 1 of 2021 – Foreign Exchange (FOREX) Trading or Brokerage or Binary Options Trading | Date: 2021-12-30

The St. Vincent and the Grenadines Financial Services Authority (FSA) hereby issues the following warning:

The FSA does not issue any licenses to carry on the business of FOREX Trading or Brokerage or Binary Options Trading nor does the FSA “Regulate, Monitor, Supervise or License” International Business Companies (IBCs) which engage in such activities.

IBCs incorporated in St. Vincent and the Grenadines are authorized to engage in any business activity without approval from the FSA, except where the proposed business activity relates to banking, insurance or mutual fund businesses. Banking, insurance and mutual fund businesses are licensed activities. FOREX or Brokers Trading licenses are not issued by any authority in St. Vincent and the Grenadines...read more

MARKET NOTICE - REQUIREMENTS FOR MARKET PARTICIPATION: COLLECTIVE INVESTMENT SCHEMES | Date: 2021-11-29

This document is intended as a guide for prospective market participants in determining whether businesses proposing to/or operating within their respective territories may be considered Collective Investment Schemes for the purposes of the Securities Act of 2001 (the Act).

You are encouraged to review the Securities Act and the Securities (Collective Investment Scheme) Regulations enacted in the respective country for a complete presentation of the requirements. When further clarification is required you may refer to the Commission’s Secretariat using the contact information provided at the end of this document...read more