Article 22 Establishment of International Centre for Alternative Dispute Resolution and independent body for the regulation of international financial services, and provisions relating to national crest
After section 130, insert—
“International Centre for Alternative Dispute Resolution
130A(1)There shall be in the Turks and Caicos Islands an International Centre for Alternative Dispute Resolution to offer arbitration and other forms of alternative dispute resolution for international and commercial disputes.
(2)Subject to this Constitution, a law enacted by the Legislature shall provide for the functions, membership of and appointment to the International Centre for Alternative Dispute Resolution.
(3)In the exercise of their functions the International Centre for Alternative Dispute Resolution and its members and appointees shall not be subject to the direction or control of any other person or authority.
Regulation of international financial services
130B(1)There shall be in the Turks and Caicos Islands an independent body for the regulation of international financial services, governed by suitably qualified and experienced persons appointed by the Governor after consultation with the Premier and the Leader of the Opposition.
(2)Subject to this Constitution, a law enacted by the Legislature shall provide for the functions, membership of and appointment to the independent body referred to in subsection (1).
(3)The independent body referred to in subsection (1) shall make an annual report to the Parliament about its activities, and shall send a copy of each report to the Governor. In making an annual report, the independent body shall consider the need for confidentiality where appropriate.
(4)In the exercise of their functions under this Constitution, the independent body referred to in subsection (1) and its members shall not be subject to the direction or control of any other person or authority.
National crest
130C(1)There shall continue to be a national crest for the Turks and Caicos Islands.
(2)Subject to this Constitution, a law enacted by the Legislature may provide for the configuration of the national crest referred to in subsection (1) and for any national symbols, including any conditions or restrictions relating to their use.”.