The Eastern Caribbean Central Bank has posted for public comment draft legislation prepared by the Interim Regulatory Commission to establish the Eastern Caribbean Citizenship by Investment Regulatory Authority (ECCIRA), a proposed regional regulator for Citizenship by Investment Programmes (CBI/CIP). Comments are open until 16 July 2025. Once operationalised, ECCIRA would regulate and supervise the CBI/CIP industry under a uniform law and common standards, as part of efforts described as strengthening transparency, accountability and integrity in the sector. The draft was developed following in-country consultations held from March to April 2025 with stakeholders including governments, the CBI/CIP industry, international partners, media and social partners, supported by legal drafting consultant Lydia Elliott. The Interim Regulatory Commission was appointed by the Heads of Government of the five jurisdictions running CBI/CIP programmes and is chaired by Eastern Caribbean Central Bank Governor Timothy Antoine.
Eastern Caribbean Central Bank 2025-07-02
Eastern Caribbean Central Bank publishes draft legislation to establish the Eastern Caribbean Citizenship by Investment Regulatory Authority for public comment
The Eastern Caribbean Central Bank has released draft legislation for public comment to establish the Eastern Caribbean Citizenship by Investment Regulatory Authority (ECCIRA) to regulate Citizenship by Investment Programmes. ECCIRA would enforce uniform laws and standards to enhance transparency and accountability in the sector. The draft follows consultations with various stakeholders and is supported by legal drafting consultant Lydia Elliott.