The Eastern Caribbean Central Bank announced that the Interim Regulatory Commission will begin in-country consultations to engage stakeholders on establishing a Regional Regulator for Citizenship by Investment Programmes, referred to as CBI and CIP. The consultation process starts in Saint Christopher and Nevis on 4 March 2025 and is framed as part of regional efforts to strengthen the transparency, accountability and integrity of the programmes. The engagements will involve government, the CBI and CIP industry, the media and social partners, with legal drafting consultant Lydia Elliott presenting her work on the enabling legislative framework for the proposed regulator and taking feedback with support from commission members. The eight-member commission was appointed by the five CBI and CIP countries and includes representatives from each of those jurisdictions, the CARICOM Implementation Agency for Crime and Security and Joint Regional Communications Centre, the Organisation of Eastern Caribbean States Commission, and the Eastern Caribbean Central Bank, with Governor Timothy Antoine serving as chair. Consultations are scheduled for 4 to 6 March in Saint Christopher and Nevis, 11 to 13 March in the Commonwealth of Dominica, 25 to 27 March in Grenada, 1 to 3 April in Saint Lucia, and 15 to 17 April in Antigua and Barbuda.
Eastern Caribbean Central Bank 2025-02-27
Eastern Caribbean Central Bank commission launches consultations on creating a regional regulator for citizenship by investment programmes
The Eastern Caribbean Central Bank announced that the Interim Regulatory Commission will conduct consultations to establish a Regional Regulator for Citizenship by Investment Programmes. Starting in Saint Christopher and Nevis on 4 March 2025, the consultations aim to enhance transparency, accountability, and integrity. Legal drafting consultant Lydia Elliott will present the legislative framework, with feedback from stakeholders including government, industry, and social partners.