2023 Laws not yet authenticated through a Commencement Order

Revised Laws of Saint Lucia (2023)

Schedule 3

(Regulation 5)

INFORMATION TO BE CONTAINED IN APPLICATION FOR AUTHORISATION

General details of the collective investment scheme.

Name of the collective investment scheme.

Names of the sub-collective investment schemes (if any).

Structure of the collective investment scheme.

Applicable Act and the date and country of establishment/incorporation.

Quotation on any securities exchange and authorisation granted by other regulatory bodies.

Undertakings given to other regulatory bodies.

Launch: date and place.

Dealing: daily/weekly/other.

Valuation of assets: daily/weekly/other.

Pricing: forward/historic/other.

Investment plans to be offered in Saint Lucia.

12.   For each collective investment scheme or sub-collective investment scheme

  1.  

    (1)   Fee structure—

    1.  

      (a)     level of all charges payable by participant; and

    1.  

      (b)     level/basis of calculation of all charges payable by the collective investment scheme.

  1.  

    (2)   For equity or bond collective investment schemes—

    1.  

      (a)     investment objective and borrowing powers; and

    1.  

      (b)     currency of denomination.

  1.  

    (3)   Minimum initial subscription and the minimum subsequent holding.

13.   Details of the parties to the collective investment scheme

The management company (if applicable)—

  1.  

    (a)     Name

  1.  

    (b)     Registered/business address.

  1.  

    (c)     Name of the ultimate holding company.

  1.  

    (d)     Previously approved by the Commission to manage authorised collective investment schemes? If no, the resumes of the directors and the most recent audited financial report.

  1.  

    (e)     Person(s) for contact with the Commission.

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    14.   In the case of an investment company, the resumes of the directors of the collective investment scheme and person(s) for contact.

  1.  

    15.   The custodian—

    1.  

      (a)     Name.

    1.  

      (b)     Registered/business address.

    1.  

      (c)     Name of the ultimate holding company.

    1.  

      (d)     Previously approved by the Commission as custodian of authorised collective investment schemes? If no, names of the directors and the most recent audited financial report.

    1.  

      (e)     Person(s) for contact with the Commission.

  1.  

    16.   The investment adviser (if any)—

    1.  

      (a)     Name.

    1.  

      (b)     Registered/business address.

    1.  

      (c)     Name of the ultimate holding company.

  1.  

    17.   For the custodian, management company and investment adviser—

    1.  

      (a)     which, if any, of these companies are connected persons,

    1.  

      (b)     name anyone who holds appointments, as director or officer, with more than one of these companies.

  1.  

    18.   The auditor—

    1.  

      (a)     Name.

    1.  

      (b)     Registered/business address.

  1.  

    19.   The principal dealer (if any)—

    1.  

      (a)     Name.

    1.  

      (b)     Registered/business address.

    1.  

      (c)     The approximate percentage of the scheme's transactions in value of securities carried out by the principal broker within the latest financial year of the scheme.

    1.  

      (d)     Whether the custodian, the directors of the scheme, the management company or the investment adviser is a connected person of the principal broker.

  1.  

    20.   Lawyers in Saint Lucia (if any)—

    1.  

      (a)     Name.

    1.  

      (b)     Person(s) for contact with the Commission.