Revised Laws of Saint Lucia (2021)

64.   Accreditation of representatives

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    (1)   A representative is accredited to a broker dealer, limited service broker or investment adviser for the purposes of this Part only if—

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      (a)     the licence of the representative states that he is accredited to the licensee; and

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      (b)     the representative is recorded as being accredited in the register maintained under section 68.

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    (2)   The Commission shall not issue a representative licence unless both the representative and the licensee have notified the Commission in writing that he or she is, or is to be, accredited.

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    (3)   If a licensee or representative notifies the Commission in writing that the accreditation of the representative has been terminated—

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      (a)     the Commission may amend the register of licensees accordingly; and

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      (b)     the representative shall return his or her licence to the Commission within 7 days of the Commission requiring him or her to do so.