2. Interpretation
In these regulations—
“approved form” means a form approved by the Commission under regulation 18 of these Regulations;
“broker dealer” means a broker dealer within the meaning of section 2 of the Securities Act;
“certificate” means any certificate, instrument or other document of, or evidencing, title to securities;
“charge” includes any mortgage, assignment, pledge or lien, other than a lien of a company on shares issued by it, on any security for securing money or money's worth;
“clearing agency” means the holder of a licence to operate a clearing agency granted by the Commission or a company which is deemed by the Securities Act to be the holder of such licence;
“Commission” means the Eastern Caribbean Securities Regulatory Commission;
“company” means a company within the meaning of section 2 of the Securities Act;
“corporate debt” means a debt security issued by a company;
“custodian” means the holder of a licence to operate as a custodian granted by the Commission or a company which is deemed by the Securities Act to be the holder of such licence;
“court” means the Eastern Caribbean Supreme Court or any court with similar jurisdiction established in succession to that Court;
“debt securities” means securities other than shares;
“de-listed” means any company which for any reason ceases to be listed;
“de-materialised instruction” means an instruction sent or received by means of a registry system under these Regulations;
“holder” in relation to securities means the person who is recorded on a register of securities as holding title to those securities;
“Inland Revenue Department” means the department of the Government of Saint Lucia responsible for the collection of stamp duty;
“intermediary” includes a broker dealer, a clearing agency and a custodian;
“issuer” means an issuer within the meaning of section 2 of the Securities Act;
“listed” means listed on a securities exchange;
“member” means the holder of shares of a company;
“officer” in relation to a company means a director or liquidator;
“on line issuer service” means a service provided by electronic means by a share registry to a company to enable the company to access its register of members;
“person” includes a company;
“private transfer” means a transfer of a security or units of that security by a member or holder of a security to another person effected directly without the services of a securities exchange;
“rectify” means to correct by removing errors;
“register of members” in relation to a listed company or a company which proposes to list means the register of members of a company maintained by a share registry;
“register of debt securities” means the register of holders of listed debt securities maintained by a share registry;
“register of securities” means either a register of members or a register of debt securities;
“registry account number” means a number issued by a share registry to a holder in respect of securities held by him or her whether solely or jointly with another person;
“registry system” means a computer based system, and procedures, operated by a share registry which enables title to units of a security to be evidenced and transferred without a written instrument and which facilitates supplementary and incidental matters;
“securities” has the meaning given by section 2 of the Securities Act;
“securities exchange” means the holder of a securities exchange licence granted by the Commission under the Securities Act or a company which is deemed by the Securities Act to be the holder of such licence;
“share” means a share, or stock, in the capital of a company;
“share registry” means the holder of a licence to operate a share registry granted by the Commission or a company which is deemed by the Securities Act to be the holder of such licence;
“trustee in bankruptcy” means a trustee in bankruptcy of a debtor's estate appointed under the Commercial Code, or any enactment which replaces it;
“uncertificated” in relation to a unit of a security means that title to the unit which is recorded on a register of securities and may, under these Regulations, be transferred by means of a registry system;
“unit” in relation to a security means the smallest possible transferable unit of the security, such as, a single share.