Fintech and the Securities Market

As Financial Technology (“Fintech”) alters the attributes of financial services and market structures, financial regulation is also adapting. Among other things, Fintech products and service providers are streamlining business processes, which allow customers the opportunity to fulfil their financial service requirements through non-traditional online channels which are generally considered to …

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Other AML Areas – Wire Transfers and Non-Profit Organisations

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 …

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Politically Exposed Persons

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 …

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Material Change Disclosures and COVID-19

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 …

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Registration of Securities in Trinidad and Tobago – The Prospectus

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 …

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Registration of Securities in Trinidad and Tobago – Distribution via a Limited Offering

The COVID-19 pandemic has increased financial challenges faced by a number of companies. It is therefore important that entrepreneurs understand all of their available options to ensure their funding/capital requirements are met as cost-effectively as possible. In previous articles, we focused on the requirements for the registration of securities such …

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Registration of Securities in Trinidad and Tobago – Other Participants

In last week’s article, we focussed on the registration process for securities prior to distribution in the Trinidad and Tobago securities market. The process involves the registration of the entity issuing the security as a Reporting Issuer and the registration of the securities. While registering securities, there are different firms …

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