Saint Lucia Passes Stock Exchange Legislation |
The ECSE, being
spearheaded by the Eastern Caribbean Central Bank, will facilitate the buying
and selling of financial products, including corporate stocks and bonds and
government securities, in the eight countries which make up the Organisation of
Eastern Caribbean States (OECS).
Tuesday’s sitting
of the House also saw the passage of
the Companies Amendment Act 2001 which will facilitate the merger of the
National Commercial Bank and St. Lucia Development Bank to create the Bank of
St. Lucia. Another bill, related to the regulation of the financial services
sector, was passed into law as the Registered Agent and Trustee Licensing
Amendment Act 2001.
The National Development Corporation Bill, introduced by the Prime Minister, was also given its first reading. |
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