The Interim Regulatory Commission overseeing the creation of a Regional Regulator for Citizenship by Investment Programmes in the Eastern Caribbean Currency Union has selected legal drafting consultant Lydia Elliott, contracted by the Eastern Caribbean Central Bank, to draft uniform legislation to enable the regulator’s establishment. The proposed Regional Regulator is intended to set common standards for Citizenship by Investment Programmes, regulate and supervise those standards, and enforce them. It is also expected to investigate complaints and facilitate information-sharing and engagement with regional and international stakeholders. Elliott’s consultancy runs for seven months from 7 January to 6 August 2025, and the Commission has received and endorsed her inception report and proposed approach. A series of in-country stakeholder consultations is expected to commence in March 2025, with governments, industry participants and social partners to be invited to dialogue on issues related to establishing the Regional Regulator, and a consultation schedule to be published in due course.
Eastern Caribbean Central Bank 2025-02-04
Eastern Caribbean Central Bank appoints Lydia Elliott to draft uniform legislation for a regional Citizenship by Investment regulator
The Interim Regulatory Commission, under the Eastern Caribbean Central Bank, has appointed Lydia Elliott to draft uniform legislation for a Regional Regulator for Citizenship by Investment Programmes in the Eastern Caribbean Currency Union. The Regulator will set, regulate, and enforce standards, investigate complaints, and facilitate stakeholder engagement. Elliott's consultancy will last seven months, with stakeholder consultations beginning in March 2025.