The Trinidad and Tobago Securities and Exchange Commission’s Micro and Macro-Prudential Reporting Framework (MMRF) will capture financial and statistical data from registrants through the use of several forms.
The data collected will allow the Commission to analyze and evaluate the health, soundness, and potential vulnerabilities of the securities market, as it will inform key micro and macro, prudential and financial soundness indicators, for all segments of the securities market (securities, mutual funds, repos, etc.)
The data we are requesting is to be provided by persons registered under Sections 36 and 51(1) of the Securities Act 2012, i.e. self-regulatory organisations, broker-dealers, investment advisers and underwriters. With the introduction of these new Forms, as per Order of the Commission dated 1st September 2016 (http://ttsec.org.tt/wp-content/uploads/MMRF-Order.pdf), registrants will be asked to submit the relevant information to the Commission.
Please note that the Commission is deferring the deadline for submissions of quarters ended March 2016 and March 2017 to June 30, 2017 to allow for engagement with your teams to provide further guidance and clarification of the requirements. In that regard, there will be a meeting during the week of June 12-16, 2017 (further details concerning the exact date, form and content will follow) to discuss issues encountered in the completion of the various forms and to work to resolve these issues. The designated officer, MMRF primary and alternate contacts will be required to attend.
This change does not apply to any prior period nor future scheduled submission dates, unless expressly stated. Therefore this would not impact the deadline for submission of the April- June 2016 and 2017 data, which will be due on August 15, 2017.
Please be reminded that these submissions are part of your ongoing reporting requirements and we look forward to your continued cooperation in this regard.
- Platforms for submission of quarters ended September and December 2016 will remain open until further notice. You must ensure when uploading submissions, that you are placing the correct information for the correct period. For re-submission of September 2016 data, select “September”; for submission of December 2016 data, select “December”.
- In your re-submission of September 2016 data, you may use either the earlier forms or you can use the most recent versions of the forms (MMRF Workbook (Combined Forms))
- For uploading submissions of data after December 2016, please ensure that you use the most recent versions of the forms.
- The platform uses Excel 2013 or higher and as such persons utilizing lower versions may not be able to access all functionalities associated with this version. Notwithstanding this, kindly make the submissions as required.
Email comments, questions or concerns to: email@example.com.
Schedule of Forms
Forms to be Completed – By Type of Registrant
Forms to be Completed – By Type of Business Activity
*For Broker-Dealers that are investment managers of CISs, the SEC-MMRF01 and SEC-MMRF02 must be completed for the investment manager itself as well as for each CIS that it manage.
** For an Investment Adviser who has a proprietary book, the SEC-MMRF04 must also be completed.
Please be advised that the MMRF Forms have been updated effective December 31, 2016. Registrants are required to complete only those forms in the MMRF Workbook that relate to their business activity as illustrated in the tables above.
MMRF Workbook – Blank
SEC-MMRF01 – Balance sheet and client assets
This is a statement of the assets, liabilities and capital of a registrant at a particular point in time. For a CIS issuing different classes of units, a separate Balance Sheet must be completed and submitted for each class.
SEC-MMRF02 – Income and expenditure form
This form will capture information on the income and expenditure of registrants. For a CIS issuing different classes of units, a separate Income Statement must be completed and submitted for each class.
SEC-MMRF03 – Collective Investment Schemes (CIS) portfolio composition
This form aims to capture the name, holdings, price and market value of each financial asset held on the CIS portfolio for which this report pertains. For a CIS issuing different classes of units, a separate CIS Portfolio Composition form must be completed and submitted for each class.
SEC-MMRF04 – Securities held by firm not assigned to repos
This form captures information on all securities held by a Broker Dealer that have not been used as collateral for either a Repurchase Agreement or Repurchase Agreements for the purpose of assessing the overall risk exposure of the registrant.
SEC-MMRF05 – Repo Portfolio Composition – Assets and Liabilities
This form collects information on the securities assigned to the repo portfolio and the category of each repo client. “Repo” means a “Repurchase Agreement” which is the sale of a security with a commitment by the Seller to buy the same or equivalent security back from the Purchaser at a specified price and at a designated date in the future.
SEC-MMRF06 – Repo Activity Summary
This form collects information on the number of Repo contracts a registrant has in issue and the value of total repo obligations categorised by currency.
SEC-MMRF07 – Repurchase Agreement Transactions Form
This form collects information on the repo agreements entered into during the reporting period by a repo seller.
SEC-MMRF08 – Transactions – over the counter (OTC) /Margin Trading
This form collects information on OTC transactions where a registrant acted as agent (arranger) or principal (buyer/seller). For the purposes of the form, an OTC transaction includes any trade not occurring on a securities or stock exchange.
SEC-MMRF09 – Collective Investment Scheme (CIS) Investor Breakdown
This form collects information on the type of investors in a CIS as at the end of the reporting period. For a CIS issuing different classes of units, a separate CIS Investor Breakdown form must be completed and submitted for each class.
SEC-MMRF10 – Collective Investment Scheme (CIS) Transactions
This form collects information on the transactions carried out by a CIS during the reporting period. For a CIS issuing different classes of units, a separate CIS Transaction Form must be completed and submitted for each class.
SEC-MMRF11 – Broker-Dealers Private Placement Transactions (Primary Issues)
The purpose of this form is to capture information on all primary issues of securities that do not trigger the registration requirements of section 62(1) of the Securities Act, 2012 and arranged by the Broker-Dealer for financing.