The sale and purchase of financial assets, such as stocks and bonds, take place in the securities market. The securities market is comprised of both the primary and secondary markets. Most investors are familiar with the operations of the secondary markets where existing securities are traded. However, firms use the …
The Trinidad and Tobago Securities and Exchange Commission (“TTSEC”) is an autonomous agency whose primary roles are the protection of investors and fostering the orderly growth and development of the local capital market. While securities regulation exists to protect investors and foster growth in the market, the ultimate goal of …
Every new year, many individuals embark on a journey to increase their investment portfolio. The securities market provides individuals with many different options to achieve this goal with products such as equities, bonds and Collective Investment Schemes (CISs). With this in mind, this article focuses on CISs. Read More …
A key responsibility of the Trinidad and Tobago Securities and Exchange Commission (TTSEC), under the Securities Act Chapter 83:02 (SA), is to protect the integrity of the securities market against any abuses arising from market manipulating practices, insider trading, conflicts of interest and other unfair and improper practices. This is …
Market participants, in the Trinidad and Tobago securities industry, are expected to conduct their business activities in a manner that contributes to the maintenance of a fair and orderly securities market. These expected behaviours are referred to as “market conduct” and encompass a number of best practice standards aimed at …
In previous articles, the Trinidad and Tobago Securities and Exchange Commission (“TTSEC”) explained the various types of entities registered to conduct business activities in the securities market. Over the next two (2) articles, the TTSEC will discuss the filing obligations of these entities, specifically, the Reporting Issuer and Registrants. From …
The Novel Coronavirus (“COVID-19”) pandemic continues to affect various sectors of the world’s economies causing downturns across the globe. While global leaders implement fiscal and monetary stimulus packages, the economic development and outlook of many countries remain uncertain. The International Monetary Fund’s World Economic Outlook Update (June 2020) projected a …
In the past two (2) articles the Trinidad and Tobago Securities and Exchange Commission (“TTSEC”) discussed six (6) of the twelve (12) considerations related to the International Monetary Fund (“IMF”) – The Bali Fintech Agenda. The Bali Fintech Agenda Policy Paper[1] provides a blueprint for successfully harnessing Fintech opportunities by …
In last week’s article the Trinidad and Tobago Securities and Exchange Commission (“TTSEC”) discussed the importance of, and some of the risks associated with, Financial Technology (“Fintech”). This week, the TTSEC will be discussing the first three (3) considerations of the Bali Fintech Agenda. Read more here—> Fintech and the …
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 …
