Revised Laws of Saint Lucia (2023)

33.   Conditions for issue of treasury bonds and treasury notes

Without limiting the generality of section 32(2), treasury bonds and treasury notes are issued on the following conditions —

  1.  

    (a)     each treasury bond and treasury note —

    1.  

      (i)     is for the amount the Minister directs,

    1.  

      (ii)     in a certificated form, must be signed by the Director of Finance and the Accountant General or by a person authorized by the Director of Finance and the Accountant General,

    1.  

      (iii)     in an un-certificated form, must be authorized by the Director of Finance and the Accountant General or by a person authorized by the Director of Finance and the Accountant General;

  1.  

    (b)     the ownership of treasury bonds and treasury notes, which are issued by the Minister, may, subject to this Act, be evidenced and transferred without a written instrument;

  1.  

    (c)     the Securities Registry shall keep or cause a register to be kept in a prescribed form containing particulars of each treasury bond or treasury note that is issued.