The Trinidad and Tobago Securities and Exchange Commission (“TTSEC”) was established under the Securities Industry Act 1995 (SIA 1995) which was repealed and replaced by the Securities Act 2012 (SA 2012). The SA 2012 prescribes the legal framework for the functioning of the TTSEC. This article outlines the regulatory framework …
In our previous article, we discussed the regulatory frameworks that are available to the TTSEC in regulating the local securities market. The Securities Act, 2012 as amended (“SA 2012”) and its Securities General By-Laws, 2015 are two (2) major lynchpins through which the securities market and its market actors are …
As we come to the end of our AML series, we would like to discuss two final areas: Wire Transfers and Non-Profit Organisations. … Registrants must report large cash transactions and retain records on wire transfers regardless of whether any potential criminal activity is suspected or not. Section 34 of …
TTSEC Market Newsletter – News and Updates from the Commission – Issue #25 TTSEC Bi-annual Market Newsletter Jan- June 2020
In our series on Anti-Money Laundering and Countering the Financing of Terrorism (“AML/CFT”), we continue this week by providing an understanding of individuals that are classified as ‘Politically Exposed Persons’ (PEPs). PEPs are categorised as potentially high-risk customers that receive particular attention under relevant international standards and guidelines such as …
Corruption and money laundering are areas of great concern for the Trinidad and Tobago Securities and Exchange Commission (TTSEC), particularly given our role as the Supervisory Authority for Money Laundering and Terrorist Financing in the securities sector. It is now an integral part of our work because of the negative …
The Novel Coronavirus (“COVID-19”) pandemic has caused disruption of varying levels and continues to affect many nations across the globe. This widespread disruption has impacted companies in different ways and has resulted in new and innovative ways to ensure business continuity and in some cases, has caused a negative impact …
The Trinidad and Tobago Securities and Exchange Commission (“TTSEC”) recently hosted its first Facebook Live Panel Discussion and Q&A event, ‘Ask the TTSEC’, where members of the public had the opportunity to ask questions in relation to the theme, ‘Know Your Investor Rights’ (in case you missed it, visit our …
THE PUBLIC IS HEREBY NOTIFIED that the Trinidad and Tobago Securities and Exchange Commission (“the Commission”) imposes administrative fines pursuant to sections 156 and 156A of the Securities Act Chap 83:02 of the Laws of the Republic of Trinidad and Tobago (“the Securities Act”)for contraventions of the Securities Act and …
COSRA meeting
