{"id":344284,"date":"2025-07-04T09:00:25","date_gmt":"2025-07-04T13:00:25","guid":{"rendered":"https:\/\/dominicanewsonline.com\/news\/?p=344284"},"modified":"2025-07-04T09:00:25","modified_gmt":"2025-07-04T13:00:25","slug":"draft-legislation-for-establishment-of-eastern-caribbean-cbi-cip-regulator-now-available-for-public-comment","status":"publish","type":"post","link":"https:\/\/dominicanewsonline.com\/news\/homepage\/homepage-carousel\/draft-legislation-for-establishment-of-eastern-caribbean-cbi-cip-regulator-now-available-for-public-comment\/","title":{"rendered":"Draft legislation for establishment of Eastern Caribbean CBI\/CIP regulator now available for public comment"},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-large wp-image-284415\" src=\"https:\/\/dominicanewsonline.com\/news\/wp-content\/uploads\/2022\/05\/Dominica-CBI-2-642x362.jpg\" alt=\"\" width=\"640\" height=\"361\" srcset=\"https:\/\/dominicanewsonline.com\/news\/wp-content\/uploads\/2022\/05\/Dominica-CBI-2-642x362.jpg 642w, https:\/\/dominicanewsonline.com\/news\/wp-content\/uploads\/2022\/05\/Dominica-CBI-2-300x169.jpg 300w, https:\/\/dominicanewsonline.com\/news\/wp-content\/uploads\/2022\/05\/Dominica-CBI-2-768x433.jpg 768w, https:\/\/dominicanewsonline.com\/news\/wp-content\/uploads\/2022\/05\/Dominica-CBI-2-640x361.jpg 640w, https:\/\/dominicanewsonline.com\/news\/wp-content\/uploads\/2022\/05\/Dominica-CBI-2.jpg 1519w\" sizes=\"auto, (max-width: 640px) 100vw, 640px\" \/>The Interim Regulatory Commission (IRC) has published the draft legislation for the establishment of a regional regulator for Citizenship by Investment Programmes (CBI\/CIP) \u2013 the\u00a0<strong>Eastern Caribbean Citizenship by Investment Regulatory Authority (ECCIRA)<\/strong>.\u00a0 The draft legislation is available on the\u00a0<a href=\"https:\/\/www.eccb-centralbank.org\/draft-legislation-for-establishment-of-cbi-cip-regulator\" target=\"_blank\" rel=\"noopener\">ECCB website<\/a>\u00a0for public comment until 16 July 2025.<\/p>\n<p>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.\u00a0 Once operationalised, the ECCIRA will regulate and supervise the industry, through a uniform law and common standards.<\/p>\n<p>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.\u00a0The consultations saw the IRC and the Legal Drafting Consultant, Ms Lydia Elliott, engage a broad and inclusive set of stakeholders \u2013 from Government, the CBI\/CIP industry, international partners, the media and social partners.\u00a0 The engagements provided critical feedback to guide the preparation of the draft legislation.<\/p>\n<p>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.\u00a0 The eight-member IRC comprises the following appointees:<\/p>\n<p>1.\u00a0Antigua and Barbuda \u2013 Lieutenant Colonel Edward Croft (Deputy Chair)<\/p>\n<p>2.\u00a0Commonwealth of Dominica \u2013 Ms Francine Baron<\/p>\n<p>3.\u00a0Grenada \u2013 Ms Julia Lawrence<\/p>\n<p>4.\u00a0Saint Christopher (St Kitts) and Nevis \u2013 Archdeacon Isaiah Phillip<\/p>\n<p>5.\u00a0Saint Lucia \u2013 Mr Evaristus Jn Marie<\/p>\n<p>6. CARICOM Implementation Agency for Crime and Security (IMPACS)\/Joint Regional Communications Centre (JRCC) \u2013 Mr Rufus Ferdinand<\/p>\n<p>7.\u00a0Organisation of Eastern Caribbean States (OECS) Commission \u2013 Mr Henith Gabriel<\/p>\n<p>8.\u00a0Eastern Caribbean Central Bank (ECCB) \u2013 Governor Timothy Antoine (Chair)<\/p>\n<p>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.<\/p>\n<p>Feedback should be submitted via the following channels:<\/p>\n<p>Email:\u00a0<a href=\"mailto:CBIRegulator@eccb-centralbank.org\">CBIRegulator@eccb-centralbank.org<\/a>\u00a0or WhatsApp: 1 (869) 662-3543.<\/p>\n<p><a href=\"https:\/\/www.eccb-centralbank.org\/draft-legislation-for-establishment-of-cbi-cip-regulator\" target=\"_blank\" rel=\"noopener\">Eastern Caribbean Citizenship by Investment Programmes Draft-Legislation<\/a><\/p>\n<p><strong>About the Eastern Caribbean Central Bank\u00a0<\/strong><br \/>\nThe 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<br \/>\nand Saint Vincent and the Grenadines.<\/p>\n","protected":false},"excerpt":{"rendered":"The Interim Regulatory Commission (IRC) has published the draft legislation for the establishment of a regional regulator for Citizenship by Investment Programmes (CBI\/CIP) \u2013 the\u00a0Eastern Caribbean Citizenship by Investment Regulatory Authority (ECCIRA).\u00a0 The draft legislation is available on the\u00a0ECCB website\u00a0for&#8230;","protected":false},"author":15,"featured_media":284415,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_cbd_carousel_blocks":"[]","footnotes":""},"categories":[36,235,271,9,14],"tags":[],"class_list":["post-344284","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy-development","category-homepage-carousel","category-legislation","category-news","category-regional"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - 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