The Trinidad and Tobago Securities and Exchange Commission (\”the Commission\”) has issued a Policy Guideline on Listed Companies\’ Handling of Material and Price Sensitive Information and a Statement of Best Disclosure Practices regarding such information.
Public disclosure may be satisfied by releasing the information through the news media, or by means of some non-exclusionary method of disclosure designed to provide broad public disclosure, such as announcements at a conference of which the public had notice and to which the public was granted access.
The Trinidad &Tobago Securities &Exchange Commission reminds companies listed on the Trinidad and Tobago Stock Exchange, that in accordance with the Securities Industry Act, 1995, they are required to file a copy of their comparative financial statements with the Commission within 90days of their financial year-end.
In accordance with its statutory mandate to review, approve and regulate take-overs the Trinidad and Tobago Securities and Exchange Commission intends to recommend the making of take-over by-laws to the Honourable Minister of Finance.
The Trinidad and Tobago Securities and Exchange Commission has noted with concern, the practice by many companies listed on the Trinidad and Tobago Stock Exchange, of disseminating price sensitive information to certain select persons and audiences ahead of their release of such information to the general public. Such action constitutes Selective Disclosure, a practice not conducive to the operation of a fair and equitable securities market.
Annual Report of the Trinidad and Tobago Securities and Exchange Commission for the financial year ended September 30, 2002
The purpose of this Addendum to the Inception Report (the “Addendum”) is to elaborate and provide greater detail to the
The purpose of this Inception Report is to provide a starting point for the review, to give it shape and
The Trinidad and Tobago Securities and Exchange Commission has prepared Take-over By-laws to regulate attempts by one entity (the offeror) to acquire control over an offeree company (the target). Although these By-laws have not yet been enacted into law, they represent best practice. The Commission therefore expects that all parties involved in take-over bids will comply with the requirements of the proposed Take-over By-laws.
