The Annual Report of the Trinidad and Tobago Securities and Exchange Commission for the financial year ended September 30th 2007 is published in accordance with the provisions of Section 20(1) of the Securities Industry Act, 1995
The Trinidad and Tobago Securities and Exchange Commission (\”the T&T Commission\”) wishes to advise shareholders of The Barbados Shipping & Trading Company Limited (\”BS&T\”) that the Barbados Securities Commission (\”the Barbados Commission\”) issued the following Press Release in the Barbados newspapers on the 18th of December 2008.
By letter dated October 14, 2008, the Trinidad and Tobago Stock Exchange Limited (\”TTSE\”) submitted to the Commission, a Statement of Substance and Purpose in accordance with section 40(1) of the Securities Industry Act, 1995 (\”SIA\”). The TTSE was seeking to amend the TTSE Rule 227 and the Horizon Trading Rule 10.2 with respect to the closing price of a security.
On the 14th day of October 2008 the Trinidad & Tobago Stock Exchange Limited (\”the Stock Exchange\”) filed a copy of the proposed amendments to the Stock Exchange Rule 227 and Horizon Trading Rule 10.2 for approval by the Trinidad and Tobago Securities and Exchange Commission.
The Trinidad and Tobago Securities and Exchange Commission (\”the Commission\”), for the purpose of the discharge of its functions, has formulated principles for Insider Reporting for the guidance of the securities industry.
The purpose of these guidelines is assist persons connected to reporting issuers (\”Insiders\”) in reporting their ownership of and transactions in securities of issuers of which they are Insiders.
The guidelines strive to clarify the reporting obligations of Insiders and to promote consistency in filings to ensure that Insiders properly disclose their trading activities. The directions contained here are guidelines only, and do not necessarily represent the only way that such trading may be reported.
The Public is hereby advised that the Trinidad and tobago Securities and Exchange Commission will be holding a hearing to adjudicate on adjudicate on the implementation of the revised Rule 227 and the Horizon Trading Rule 10.2 with respect to the closing price of a security
Insider Trading undermines investor confidence in the securities market and is strictly prohibited by all jurisdictions. The Commission would like to assure the investing public that it shall continue to treat with insider trading violations as one of its enforcement priorities.
The Trinidad and Tobago Securities and Exchange Commission (\”the Commission\”) wishes to inform the public that it has concluded its investigation into certain allegations of insider trading in relation to shares of Trinidad Cement Limited (\”TCL\”) in 2002.
