This Act may be cited as the Securities Act, 2007. The purposes of this Act are – (a) to provide protection to investors from unfair, improper or fraudulent practices; (b) to foster fair and efficient capital markets and confidence in the capital markets in Trinidad and Tobago and to reduce systemic risk; and (c) to co-operate with other jurisdictions in the development of fair and efficient capital markets. This Act comes into operation on a date to be fixed by the President by Proclamation.