The Trinidad and Tobago Securities and Exchange Commission (the Commission) was established as a body corporate, by virtue of the Securities Industry Act of 1995. It is an autonomous agency whose primary roles are the protection of investors and fostering the orderly growth and development of the local capital market. The Securities Industry Act (SIA 1995) was proclaimed in 1997 ushering in a new regime in the securities market in Trinidad and Tobago and giving birth to the Securities and Exchange Commission (“the Commission”).
In December 2012, the SIA 1995 was repealed and replaced by the Securities Act (SA 2012) “an Act to provide protection to investors from unfair, improper or fraudulent practices; foster fair and efficient securities markets and confidence in the securities industry in Trinidad and Tobago; to reduce systemic risk and for other related matters”. The Act was proclaimed by His Excellency, The President of the Republic of Trinidad and Tobago on December 28, 2012 and came into operation on December 31, 2012.
On September 10, 2014 the President assented to the Securities (Amendment) Act, 2014, which amended the Securities Act, 2012 (“SA 2012”).