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 …
The formalisation of the local securities industry began as a policy decision by the Government in the 1970s, which sought to localise the foreign-owned commercial banking and manufacturing sectors of the economy. The primary policy objective, at the time, was to encourage these businesses to divest and sell a majority …
Globally, as at November 7, 2020, there were over 6,700 types of cryptocurrencies including, Bitcoin, the most popular digital currency, which currently trades at USD$15,014.90. This amounts to approximately TTD$101,964.75. At the beginning of the fourth quarter of 2020, cryptocurrencies recorded a cumulative market capitalisation of USD$237.1 billion. Despite this, …
The Trinidad and Tobago Securities and Exchange Commission’s (TTSEC’s) Guidelines for Collective Investment Schemes, 2008, states that a CIS manager is a person who is responsible for the business operations and affairs of a collective investment scheme. Guideline 11 of the TTSEC CIS Guidelines states that no person shall act …
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 …
The ability to capture, maintain and monitor key financial stability/macro-prudential indicators is essential in the analysis and evaluation of the of the securities market. This article will discuss the Micro and Macro Prudential Reporting Framework (MMRF), which is the tool utilised by the Trinidad and Tobago Securities and Exchange Commission …
Trinidad and Tobago Securities and Exchange Commission (“TTSEC”) is host to the 9th Technical Assistance Programme for financial sector regulators in the Caribbean, being facilitated by the United States Securities and Exchange Commission (US SEC). This year however, as a result of COVID-19, the programme is being conducted via a …
Over the years market actors have been evolving their products and services to keep abreast of changes in the securities market. This is necessary to meet the increasing demands of investors for various types of securities. In this article, we will explain what is a security and also discuss the …
In accordance with Section 159(12) of the Securities Act, Chapter 83:02 of the Laws of the Republic of Trinidad and Tobago (also referred to herein as the “Securities Act, 2012”), the Trinidad and Tobago Securities and Exchange Commission (“the Commission”) is required to issue a Notice in at least two …
In our two previous articles we shared some of the tools that you can use to get started with investing, as a means of making your money work for you. We focused on some of the available resources on our investor education website www.investucatett.com such as: a risk profile test, …
