How will ownership be recorded?
Investors will receive a confirmation notice indicating the success of their application for securities. This notice indicates the amount of securities allotted to the investors and the market yield/price for those securities. Securities are issued to investors in a dematerialised form, which simply means that ownership of the securities is recorded and maintained electronically by the Eastern Caribbean Securities Registry (ECSRC). Investors will not receive printed certificates as previously done, but will be provided with regular statements of their holdings at the Registry. These statements are legally considered as evidence but not proof of ownership.
