Revised Laws of Saint Lucia (2023)

66.   Regulations

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    (1)   The Minister may make Regulations generally for the purpose of giving effect to this Act.

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    (2)   Without prejudice to the generality of subsection (1), the Minister may make Regulations —

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      (a)     to prescribe the process and method of issuing, registering ownership, pricing, settlement, transfer, conversion, replacement, redemption or debt service of Government securities;

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      (b)     to provide for fees and charges for any services provided for in this Act including services for Government securities dealers and on-lending as required;

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      (c)     to undertake credit risk assessment of loan guarantee proposals;

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      (d)     for the manner and procedures for the issuance, clearance and settlement of Government securities, which must include —

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        (i)     a requirement for Government securities to be issued —

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          (A)     by private or public offering;

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          (B)     on tap;

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          (C)     by auction; or

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          (D)     by other methods,

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        (ii)     whether Government securities are offered for sale on a competitive or other basis and whether there will be a reopening of an existing issue,

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        (iii)     the eligibility requirements for the purchase of Government securities,

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        (iv)     the methods of clearing and settlement of transactions; and,

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        (v)     the procedure for registration of holdings of Government securities;

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      (e)     for the manner and procedure for bids for Government securities;

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      (f)     for any other matter that is required or authorized under this Act.