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2023 Laws not yet authenticated through a Commencement Order

Revised Laws of Saint Lucia (2023)

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International Mutual Funds Regulations – Section 60 (Statutory Instruments 118/2007 and 109/2011)

Statutory Instrument 118/2007 .. in force 6 August 2007

Amended by S.I. 109/2011 .. in force 14 November 2011

ARRANGEMENT OF REGULATIONS

1.	Citation
2.	Interpretation
3.	Application for registration as an international private mutual fund
4.	Application for an international public mutual fund licence
5.	Application for an international mutual fund administrator licence
6.	Application for an international mutual fund manager licence
7.	Certificate of registration for international private mutual fund
8.	Licences
9.	Fees
Schedule 1
Schedule 2

Commencement [6 August 2007]

International Mutual Funds Regulations – Section 60 (Statutory Instruments 118/2007 and 109/2011)

PART 1 PRELIMINARY

2. Interpretation

PART 2 INTERNATIONAL MUTUAL FUNDS

3. Requirement for licence or registration

4. Registration of international private mutual fund

5. Name of international private mutual fund

6. Application for and grant of international public mutual fund licence

7. Name of international public mutual fund

8. Offering document

9. Rights of investors

10. Limitation of action

PART 3 INTERNATIONAL PUBLIC MUTUAL FUND ADMINSTRATION AND MANAGEMENT

12. Requirement for international public mutual fund administrator licence

13. Application for and grant of international public mutual fund administrator licence

14. Name of administrator

15. Restriction on issue

16. Annual fee for administrator

17. Direction to increase capital value

19. Misrepresentation as administrator

20. Notification

21. Number of directors

22. Compliance by administrator

23. Requirement for international public mutual fund manager licence

24. Application for and grant of international public mutual fund manager

25. Name of manager

26. Restriction on issue

27. Annual fee for manager

28. Direction to increase capital value

29. Reputation of promoter

31. Misrepresentation as manager

32. Notification

33. Number of directors

34. Compliance by manager

PART 4 SUPERVISION AND ENFORCEMENT

35. Audited accounts for international public mutual fund licensee

36. Duties of Director relating to international public mutual fund licensee

37. Access to information relating to international public mutual fund licensee

38. Penalties for breach of section 3(1)

39. Unregulated international public mutual funds

40. Audited accounts for administrator

41. Duties of Director relating to administrator

42. Access to information relating to administrator

43. Information for breach of section 12

44. Unlicensed persons acting as administrator

45. Audited accounts for manager

46. Duties of Director relating to manager

47. Access to information relating to manager

48. Information for breach of section 23

49. Unlicensed person acting as manager

50. Power of Director over international private mutual fund

51. Power of Minister over international public mutual fund licensee

52. Power of Minister over administrator or manager

PART 5 MISCELLANEOUS

55. Obligation of auditors

56. Offences triable on indictment

58. Exemption from compliance with Trade Licensing Act and Securities Act

59. Exemption from other enactmentss

60. Regulations

SUBSIDIARY LEGISLATION

2. Interpretation

3. Application for registration as an international private mutual fund

4. Application for an international public mutual fund licence

5. Application for an international mutual fund administrator licence

6. Application for an international mutual fund manager licence

7. Certificate of registration for international private mutual fund