Based on the Securities Act, Chapter 83:02 of the Laws of the Republic of Trinidad and Tobago (the “Act”):
- A Sponsored Broker-Dealer means an individual who is registered under section 51(5) to conduct business in securities in Trinidad and Tobago on behalf of a Broker-Dealer (or the equivalent or similar) who is registered under the securities legislation of a designated foreign jurisdiction.
- A Sponsored Investment Adviser means an individual who is registered under section 51(5) to provide investment advice in Trinidad and Tobago on behalf of an Investment Adviser (or the equivalent or similar) who is registered under the securities legislation of a designated foreign jurisdiction.
These individuals are employed by a foreign brokerage or investment firm who is sponsored by a local registrant and may conduct securities-related activities in Trinidad and Tobago for up to 90 days per calendar year.
Section 51(5) of the Act indicates that a sponsored broker-dealer or sponsored investment adviser may carry on business, or hold himself out as, or engage in any act, action or course of conduct in connection with, or incidental to, the business activities of a broker-dealer or investment adviser for a period not exceeding an aggregate of ninety days in any one calendar year, where such sponsored broker-dealer or sponsored investment adviser is registered in the manner prescribed.
The Checklist for the Registration of a Sponsored Broker-Dealer or Sponsored Investment Adviser provides a detailed list of the documents, forms and fees that are generally required in support of applications for registration of sponsored persons.
Application Requirements
Applicants must:
- Apply for registration as a sponsored broker-dealer or sponsored investment adviser in accordance with Section 51(5) of the Act by completing and submitting the Form 4
- Include proof that the relevant individual is employed with a company that is duly registered in a foreign jurisdiction to provide services as a Broker-Dealer or Investment Adviser or the equivalent.
The items identified above are a summary of the requirements for an application for the registration of a Sponsored Broker-Dealer and Sponsored Investment Adviser, however, please note that the list is non-exhaustive.
The detailed break-down of requirements are provided within the checklist that was identified above.
Registration Fees
Type of Registrant | Annual Registration Fee (TTD) |
Sponsored Broker-Dealer or Investment Adviser | $5,000 |
Please see here for a detailed list of the Commission’s fees: Fee Schedule
Kindly note that fees are payable in advance and are non-refundable.
Application Fees
Type of Registrant | Annual Registration Fee (TTD) |
Substantial Shareholder | $1,000 |
Please see here for a detailed list of the Commission’s fees: Fee Schedule
Kindly note that fees are payable in advance and are non-refundable.