Regional CBI Regulatory Commission established.
Caribbean nations offering Citizenship by Investment Programmes (CIP/CBI) have moved forward in establishing a regional regulator by appointing an Interim Regulatory Commission (IRC). This initiative follows the March 2024 Memorandum of Agreement (MOA) signed by Antigua and Barbuda, Dominica, Grenada, St. Kitts and Nevis, and St Lucia. The eight-member IRC, consisting of experts in law, finance, compliance, and more, will develop and implement the regional regulator’s framework to ensure adherence to international standards and monitor compliance. Their initial tasks include drafting enabling legislation and conducting public consultations. The IRC held its first meeting on 24 September 2024 and aims to establish the full regulator by the second half of 2025.
Source: Caribbean Insight