Customer Due Diligence We have often asked ourselves while trying to conduct various types of business activities, why do financial institutions require so much personal information? Generally, there are multiple forms to be completed when opening: a bank account, brokerage account, mutual fund account, credit union account, or when obtaining …
As part of our focus on Anti-Money Laundering and Combating the Financing of Terrorism (“AML/ CFT”), last week we explained the respective roles of the Regulator and Registrants in ensuring compliance with AML/ CFT requirements. In this week’s article, we delve further into what constitutes an effective Compliance Programme. Registrants …
In this week’s article the respective roles of the regulator and the registrants in ensuring Anti Money Laundering and Combating the Financing of Terrorism (AML/CFT) requirements will be discussed. The registrant plays an important role in ensuring that the AML/CFT measures adopted in the market are robust, and in this …
Governments worldwide continue to intensify their efforts to mitigate the global spread of COVID-19, whilst, criminals and fraudsters have been quick to seize opportunities to exploit the financial system impacted by the crisis. In response, supervisory authorities in several countries have already alerted financial institutions to the potential increase in …
In a previous article, the Trinidad and Tobago Securities and Exchange Commission (TTSEC) explained the distinct role and function of Investment Advisers’ in the securities market of Trinidad and Tobago (In case you missed it click here). In this week’s article, we conclude with Broker-Dealers. Similar to other securities regulators, …
The Trinidad and Tobago Securities and Exchange Commission (TTSEC) is currently monitoring the impact of COVID-19 on the securities market of Trinidad and Tobago (T&T) and in particular, its impact on the Collective Investment Schemes. Read more here–>Analysing Impact of COVID-19 0n Mutual Funds The Impact of …
Over the years market actors have been evolving their products and services to keep abreast of changes in the market, and to meet the increasing demands of investors. While each market actor has a distinct role, the Trinidad and Tobago Securities and Exchange Commission (“TTSEC”) has taken note that the …
The Trinidad and Tobago Securities and Exchange Commission (“TTSEC”) is mandated to provide protection to investors from unfair, improper or fraudulent practices and foster a fair and efficient securities market. Ensuring confidence in the securities industry is one of the top priorities of securities regulators worldwide. As such, TTSEC works …
Trinidad and Tobago Securities and Exchange Commission (“TTSEC”) is charged with reviewing and investigating all complaints and ‘tips’ received in relation to the securities industry, including, but not limited to, those made against Broker-dealers, Investment Advisers, Underwriters, Reporting Issuers and Self-Regulatory Organisations. Over the period 2018/2019 the TTSEC received 14 …
The advent and adverse effects of the Coronavirus disease (COVID-19), cements the importance of organisations implementing appropriate risk mitigation strategies within the securities market of Trinidad and Tobago. Trinidad and Tobago Securities and Exchange Commission (TTSEC) is mandated under Section 6(l) of the Securities Act, 2012 (SA 2012) to assess, …
