Revised Laws of Saint Lucia (2021)

153H.   Disclosure of shareholding of directors and substantial shareholders

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    (1)   Subject to the provisions of subsection (2), the provisions of Part 11 of the Act shall not apply to foreign securities listed or traded on a securities exchange.

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    (2)   If the Commission determines, after an investigation, that the law of a foreign issuer's jurisdiction of incorporation, or other laws that are applicable to the conduct of the foreign issuer, its directors, and substantial shareholders, are not adequate to protect the interests of the investing public in the member territory, the Commission may require the issuer of foreign securities listed on a securities exchange and its directors and substantial shareholders to comply with Part 11.