The Dutch Caribbean Securities Exchange (DCSX) is a self-regulatory international Exchange for the listing and trading in domestic and international securities. It is a platform where companies can register for funding and investors can choose companies in which to invest. The DCSX is focused on servicing startups as well as small and medium-sized enterprises.

Structure

The DCSX Foundation functions as the self-regulatory direct supervisory body that assures that Management of the DCSX adheres to the processes as laid down in the Rules and Regulations. It is also the DSCX Foundation that needs to approve new members to the DCSX. The Board of the DCSX Foundation is composed of representatives of financial institutions and or other organizations whose interest it is that Curaçao has a well-functioning securities exchange. The

Board of Directors A board of directors (commonly referred simply as the board) is an executive committee that jointly supervises the activities of an organization, which can be either a for-profit or a nonprofit organization such as a business, nonprofit organiz ...

of the Exchange consists of the

CEO A chief executive officer (CEO), also known as a central executive officer (CEO), chief administrator officer (CAO) or just chief executive (CE), is one of a number of corporate executives charged with the management of an organization especially ...

, the President of the Board, the

Treasurer A treasurer is the person responsible for running the treasury of an organization. The significant core functions of a corporate treasurer include cash and liquidity management, risk management, and corporate finance. Government The treasury o ...

of the Board and a few Board Members. A Listing Committee is responsible for approving new listings on the Exchange.

Arbitration Arbitration is a form of alternative dispute resolution (ADR) that resolves disputes outside the judiciary courts. The dispute will be decided by one or more persons (the 'arbitrators', 'arbiters' or 'arbitral tribunal'), which renders the ' ...

is managed by an Appeals Committee.

Rules and regulations

The DCSX has a set of well-defined rules to regulate and supervise the market and its participants. The rules provide smaller companies with flexibility and easier access to an equity market while providing transparency and strong governance. The DCSX is a regulated membership organization, licensed by the Minister of Finance and supervised by the Central Bank of Curaçao and Sint Maarten. The DCSX follows Curaçao law, which is in concordance with

Dutch Law The Netherlands uses civil law. The role of case law is small in theory, although in practice it is impossible to understand the law in many fields without also taking into account the relevant case law. The Dutch system of law is based on the Fr ...

. Final appeals of dispute are heard and decided at the

Supreme Court of the Netherlands The Supreme Court of the Netherlands ( nl, Hoge Raad der Nederlanden or simply ''Hoge Raad''), officially the High Council of the Netherlands, is the final court of appeal in civil, criminal and tax cases in the Netherlands, including Curaçao ...

Supervision

The DCSX operates under full license of the Minister of Finance of the Curacao

Government A government is the system or group of people governing an organized community, generally a state. In the case of its broad associative definition, government normally consists of legislature, executive, and judiciary. Government is a ...

and is supervised by the Central Bank of Curaçao and Sint Maarten. The supervision of the Central Bank comprises, among other things, ensuring transparency and business integrity, the proper administrative organization and internal control environment, and the adequate functioning of the securities market and exchange.

Custodian

The DCSX

custodial bank A custodian bank, or simply custodian, is a specialized financial institution responsible for providing securities services. It safeguards assets of asset managers, insurance companies, hedge funds, and is not engaged in "traditional" commercial ...

is Vidanova Bank N.V. Vidanova Bank N.V.’s majority shareholder (with an equity ownership of > 80 %) is the Vidanova Pension Fund in Curacao.

Participating companies

DCSX members

*Algemeen Pensioen Fonds (APC) *PSB Bank N.V. *Banco di Caribe N.V. *Amergeris Global Listing and Exchange Services N.V. *Guardian Group (Fatum Holding N.V.) *Stichting Korporashon pa Desaroyo di Korsou (Korpodeko) *Stichting Ontwikkeling Projecten Logestieke Sector (SLS) *

Maduro & Curiel's Bank Maduro & Curiel's Bank (MCB) is a private Dutch Caribbean bank and financial services provider headquartered in Willemstad, Curaçao that operates 23 branches and specializes in insurance brokerage, consumer banking, trust, private banking and c ...

N.V. *Vidanova Bank N.V. *Stichting Vidanova Pensioen Fonds

DCSX Listing Advisors

*Eclipse Management B.V. *Amergeris Global Listing and Exchange Services N.V. *

N.V. *Trustmoore (Curaçao) N.V. *IQEQ Management (Curaçao) N.V. *VanEps Kunneman VanDoorne *Vistra (Curaçao) N.V. *Untitled Authorised Representatives Ltd. *Biztrack Consultants *EarlyBird Funding B.V. *Isatis Capital Group *Li Chen Long Consulting Limited *SHKL Group Limited *SSC Corporate Services Limited *The Curacao Financial Group N.V. *HBN Law Listing Advisory Services B.V. *PYGG B.V. *Great Vision Capital Limited

DCSX Brokers

*Banco di Caribe N.V. *Amergeris Global Listing and Exchange Services N.V. *

N.V. *Vidanova Bank N.V. EarlyBird Funding B.V.

Affiliations

* In Q1 2021 the D.C.S.E. became a member of the

Capital Markets Association of the Americas Capital may refer to: Common uses * Capital city, a municipality of primary status ** List of national capital cities * Capital letter, an upper-case letter Economics and social sciences * Capital (economics), the durable produced goods used f ...

or ( es, Asociación de Mercados de Capitales de las Américas) (AMERCA). The bloc formed by the Stock Exchanges of: Costa Rica, Ecuador, El Salvador, Guatemala, Honduras, Nicaragua, Panamá and the Dominican Republic which unanimously accepted the application by the D.C.S.E. * The DCSX is a correspondent member of the

World Federation of Exchanges The World Federation of Exchanges (WFE), formerly the ''Federation Internationale des Bourses de Valeurs'' (FIBV), or International Federation of Stock Exchanges, is the trade association of publicly regulated stock, futures, and options exchang ...

References

External links

dcsx.cw
{{Stock exchanges top 25 Dutch Caribbean Stock Exchange Stock exchanges in the Caribbean