Major Activities

Self-regulatory Activities

1. Establishment and Execution of Self-regulatory Rules

CMAEC has established many types of self-regulatory rules to be applied to Association Members to enhance fair and smooth execution of the financial instruments business in order to promote the efficient administration of securities markets.
The major rules cover OTC transaction of stocks and bonds, underwriting of securities, off-exchange transaction of listed stocks and others, foreign securities transactions, safe custody of securities, business conduct of officers and employees, internal administration systems, qualification and registration of sales representatives, advertisements, investment solicitation and customer administration, financial instruments agency business, segregated custody of customers’ assets, treatment of disputes with customers and unified accounting standards, etc. of Regular Members.

2. Execution of On-site Inspection and Off-site Monitoring

CMAEC conducts on-site inspections in relation to internal administration system and compliance with the statutory laws and regulations and/or self-regulatory rules concerning the business activities of Association Members. CMAEC also monitors the business conditions and segregated custody of customers’ assets of Regular Members.

3. Exercise of Self-regulatory Disciplinary Actions

In cases of violation of statutory laws and regulations and/or CMAEC’s self-regulatory rules by Association Members and/or their officers and employees, CMAEC strictly enforces self-regulatory disciplinary actions in order to avoid the recurrence of such violations.

4. Counseling concerning Customer Complaints over Securities Transactions, etc. and Mediation Services

CMAEC provides counseling services relating to customers’ complaints concerning the business of Association Members and financial instruments agents, and also provides mediation services under the FIEL to settle disputes over securities transactions, etc. between Association Members and their customers.

5. System Reforms for Off-Exchange Transactions of Listed Stocks, etc.

CMAEC is engaged in necessary system reforms to make the system for transactions of listed stocks outside the financial instruments market of an exchange more fair and efficient and to ensure investor protection.

Activities as Trade Association

1. Research and Study, and Representations on the Financial Instruments Market

To build a financial instruments market capable of gaining the highest confidence of investors and to contribute to Eastern Caribbean’s economic growth and development, CMAEC is carrying out research projects and studies about system and taxation issues on financial instruments businesses and markets, and presenting proposals to the government and other related parties toward the realization of the results of those investigations. One of the main issues that CMAEC is advocating is more desirable taxation systems for financial and securities transactions.

2. Establishment of a Common Infrastructure for the Securities Market

To improve investor confidence in and vitalize the securities market, CMAEC is engaged in the establishment of common infrastructure such as systems in the securities market.

3. Dissemination of Knowledge, Promoting Understanding and Public Awareness of Financial Instruments, Financial Indices and Financial Instruments Markets

CMAEC promotes the dissemination of knowledge, understanding and public awareness of financial instruments and financial indices as well as financial instruments markets within each class of Eastern Caribbean.

  1. Dissemination of knowledge and promoting understanding through school education system
    CMAEC produces and disseminates experience-type learning materials and provides a stock market game that enables students to learn practical economics through the mock buying and selling of stocks. CMAEC also appeals to various related parties to strengthen their approach to securities and investment education as a part of consumer education programs for financial fields.
  2. Dissemination of knowledge and promoting understanding among general public
    CMAEC works actively to expand the individual investors’ base by planning and holding commemorative events for Securities Investment Day (October 4) nationwide as well as seminars across Eastern Caribbean on securities investment etc.
  3. Public Relations
    CMAEC works on raising public awareness of revisions or introductions of systems that are crucial for investors and financial instruments firms, and on conducting public relations activities to cope appropriately with the important challenges that the securities industry is facing.

4. Liaison and Mediation among Concerned Organizations

CMAEC promotes various policy measures by maintaining good liaison between Association Members and other related organizations and mediating various opinions.

5. Implementation of Education and Training

To improve the proficiency of officers and employees of Association Members, CMAEC executes various educational training programs including statutory training and supports the dispatch of lecturers to in-house training courses held by Association Members.

International Business and Exchange

To cope with the globalization of financial and capital markets, CMAEC participates in international conferences such as the International Council of Securities Associations (ICSA), the Asia Securities Forum (ASF), and the International Organization of Securities Commissions (IOSCO), and also conducts exchanges of information and builds relationships with overseas securities industry related associations etc. In addition, CMAEC promotes the Eastern Caribbean market abroad, responds to overseas inquiries and collects relevant information.

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