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 the following:
- Revised forms and instructions, which are to be used for your June 2016/2017 submissions have been posted. The platform for submission of data for this period will be opened on August 16 and as a result the deadline for submission of the data for quarters ended June 2016/2017, is now August 23.
- Submissions for quarters ended December 2016 and March 2016/2017 are currently being reviewed and you will be notified whether any re-submissions of data are required. For re-submissions of quarters ended December 2016 and March 2016/2017, you may use the forms originally submitted. Please note that these forms will only be accepted until August 14, 2017.
- Effective August 23, 2017, submissions/re-submissions of forms will only be accepted using Excel 2013 or higher. Submissions using earlier versions of Excel will be rejected by the platform and will be regarded as a failure to submit.
Additionally, please be reminded of your responsibility to ensure that the profile information for the primary and alternate contacts are always up to date. Any changes to this information must be reported to firstname.lastname@example.org.
These submissions are part of your ongoing reporting requirements and we look forward to your continued cooperation in this regard.
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 July 19th 2017. 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
MMRF Cover Sheet
Each reporting entity is required to complete the coversheet, which captures general information on registrants and collective investment schemes (“CISs”).
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.