Comments on the Securities Bill 12Dec2012
Comments on the Securities Bill
Comments on the Securities Bill
The Commission would like to thank everyone who submitted feedback or attended the Public consultations on the Draft Securities Bill. The revised draft legislation is attached.
“Regulatory reform is a never ending process as the market being regulated is one that is dynamic; and as situations change, so too must the regulatory framework”. It is against this backdrop that the TTSEC hosted a series of public consultations.
The TTSEC has amended its governing legislation – The SIA (1995) and has subsequently produced The Securities Bill 2012 which will be laid in Parliament shortly. Members of the public are invited to attend the public consultations on the Bill.
The Trinidad and Tobago Securities and Exchange Commission’s (TTSEC) wishes to advise that the draft Securities Bill 2012 is now available for comment.
Comments on the Draft Securities Bill 2012 can be sent to SIB2012@ttsec.org.tt by June 8th 2012. Public consultations will be at the Yara Auditorium ALJGSB on June 12th (8.30 -11.00 am) and Mt Irvine Bay Hotel Tobago on June 13th ( 4.00-6.00 pm).
The Securities Bill 2010 seeks to provide protection to investors from unfair, improper or fraudulent practices; foster fair and efficient capital markets and confidence in the capital markets in Trinidad and Tobago and to reduce systemic risk; to co-operate with other jurisdictions in the development of fair and efficient capital markets; and for other related matters
The Securities Bill 2009 seeks to provide protection to investors from unfair, improper or fraudulent practices; foster fair and efficient capital markets and confidence in the capital markets in Trinidad and Tobago and to reduce systemic risk; to co-operate with other jurisdictions in the development of fair and efficient capital markets; and for other related matters
This Act may be cited as the Securities Act, 2007. The purposes of this Act are – (a) to provide protection to investors from unfair, improper or fraudulent practices; (b) to foster fair and efficient capital markets and confidence in the capital markets in Trinidad and Tobago and to reduce systemic risk; and (c) to co-operate with other jurisdictions in the development of fair and efficient capital markets. This Act comes into operation on a date to be fixed by the President by Proclamation.