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Caribbean Launches Regional CIP Regulator Initiative · IMI Podcasts

• 0:00
  SPEAKER_00: The Eastern Caribbean Currency Union has appointed legal consultant Lydia Elliott to draft legislation for a new regional regulator overseeing the region's citizenship by investment programs.
• 0:13
  SPEAKER_00: According to the Eastern Caribbean Central Bank, referred to as ECCB, a competitive selection process led to Elliott's appointment for a seven-month consultancy through August 2025.
• 0:27
  SPEAKER_00: The ECCB's statement says she brings extensive experience in the legal field across the region since 1981, including service as legal advisor to the Eastern Caribbean Central Bank from 1992 to 2003.
• 0:43
  SPEAKER_00: The new regulator will establish and enforce common standards while strengthening the transparency, accountability, and integrity of the programs.
• 0:52
  SPEAKER_00: Its scope includes investigating complaints and coordinating stakeholder engagement.
• 0:58
  SPEAKER_00: Elliot presented her initial findings to the Interim Regulatory Commission, also known as IRC, in January.
• 1:05
  SPEAKER_00: The eight-member IRC, representing CIP jurisdictions and regional organizations, endorsed her approach emphasizing broad and inclusive consultations.
• 1:16
  SPEAKER_00: This framework builds upon the March 2024 Memorandum of Agreement among Caribbean CBI jurisdictions, and the third roundtable with U.S.
• 1:26
  SPEAKER_00: Treasury officials, during which the Caribbean governments decided to appoint a regional regulator.
• 1:32
  SPEAKER_00: The initiative is one of six key principles agreed upon between the Caribbean nations and the U.S.
• 1:38
  SPEAKER_00: Treasury in February 2023, including coordinated application denials and mandatory interviews.
• 1:45
  SPEAKER_00: Elliot will conduct consultation meetings with government officials, industry representatives, and social partners across member states starting March 2025.
• 1:56
  SPEAKER_00: The ECCB has opened communication channels for public input via a dedicated email address.
• 2:04
  SPEAKER_00: This episode first appeared as an article by Ahmad Abbas on IMIDaily.com.
• 2:11
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• 2:18
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