The Interim Regulatory Commission (IRC) has published the draft legislation for the establishment of a regional regulator for Citizenship by Investment Programmes (CBI/CIP) – the Eastern Caribbean Citizenship by Investment Regulatory Authority (ECCIRA). The draft legislation is available on the ECCB website for public comment until 16 July 2025.
The completion and publication of the draft legislation is a significant milestone in the ongoing effort to strengthen the transparency, accountability and integrity of CBI/CIP. Once operationalised, the ECCIRA will regulate and supervise the industry, through a uniform law and common standards.
The draft legislation was completed following a series of in-country consultations, which were led by the IRC, over the period March to April 2025. The consultations saw the IRC and the Legal Drafting Consultant, Ms Lydia Elliott, engage a broad and inclusive set of stakeholders – from Government, the CBI/CIP industry, international partners, the media and social partners. The engagements provided critical feedback to guide the preparation of the draft legislation.
The IRC was appointed by the Heads of Government of the five countries with CBI/CIP Programmes, to oversee the establishment of a regional regulator. The eight-member IRC comprises the following appointees:
1. Antigua and Barbuda – Lieutenant Colonel Edward Croft (Deputy Chair)
2. Commonwealth of Dominica – Ms Francine Baron
3. Grenada – Ms Julia Lawrence
4. Saint Christopher (St Kitts) and Nevis – Archdeacon Isaiah Phillip
5. Saint Lucia – Mr Evaristus Jn Marie
6. CARICOM Implementation Agency for Crime and Security (IMPACS)/Joint Regional Communications Centre (JRCC) – Mr Rufus Ferdinand
7. Organisation of Eastern Caribbean States (OECS) Commission – Mr Henith Gabriel
8. Eastern Caribbean Central Bank (ECCB) – Governor Timothy Antoine (Chair)
The IRC wishes to thank all persons who have contributed to shaping the legal framework and now invites all and sundry to provide feedback on the draft now offered for public comment.
Feedback should be submitted via the following channels:
Email: [email protected] or WhatsApp: 1 (869) 662-3543.
Eastern Caribbean Citizenship by Investment Programmes Draft-Legislation
About the Eastern Caribbean Central Bank
The Eastern Caribbean Central Bank (ECCB) was established in October 1983. The ECCB is the Monetary Authority for: Anguilla, Antigua and Barbuda, Commonwealth of Dominica, Grenada, Montserrat, Saint Christopher (St Kitts) and Nevis, Saint Lucia
and Saint Vincent and the Grenadines.
Draft upon draft…. as long as those long, long hands remain there, crapaud smoke CBI Money…
Am I reading this correctly? So in essence the thieves are setting up a regulatory body to regulate themselves? Really?
In a real world, DNO would not be facilitating this gratuitous and unbridled passion that many of you here share for insulting others. How do you bring yourself to question the integrity of persons without one iota of proof to back up your vile accusations?! How? And, how do you get away with this?
I can question the integrity of Linton and Fontaine, men who wish to become PM of Dominica, because they are on record (signature, etc), implicated, in schemes that would cause any ordinary man to question their honesty and integrity. But….to accuse someone of stealing means you have proof that this person has indeed taken/received something that was not legally his to have. No one has yet done so in regards to any of the said leaders.
With all due respect, if you think that presently the way things are in the beautiful Waitikubuli is normal and above board and don’t beg and deserve honesty and integrity then you’re not being honest with yourself to begin with.
Great move!
@Synthetic Putin
Always on the wrong side of an issue. So predictable! Only a few citizens (less than 1%) benefit from this program. CORRUPTION is the winner. The CBI and thieves remind me of blood in sea water and sharks.
@fake Putin
Great move you don’t understànd and lack a clue of.
sot!