Risk Based Supervision: Why it’s important

Financial regulators globally previously utilised traditional supervisory approaches to market regulation which focused on a Rules-Based System of control. This approach also known as Principles or Compliance-Based Supervision, is “a method of regulation which involves checking for and enforcing compliance with rules – legislation, regulations or policies – that apply …

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Building a Culture of Regulatory Compliance (Part 2)

As the regulator for the securities industry, establishing regulatory compliance requires continuous vigilance and resources. Simultaneously, as our regulatory demands grow, companies need to have the resources in place to build compliance practices into their everyday frameworks and workflows. Our article last week focused on incorporating compliance measures into an …

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Building a Culture of Regulatory Compliance (Part 1)

Regulatory compliance is essential to the orderly functioning of the securities market. Registrants registered with the Commission should establish effective policies, operational procedures and controls in relation to their day-to-day business activities in order to ensure compliance with all relevant regulatory and legal requirements. The Commission is of the view …

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Who’s Who in the Securities Market

Entities that  engage in activities specified within the respective legislation that govern the TTSEC and the CBTT are required to be duly registered with the relevant  regulator/s. Investment activities that fall under the remit of the TTSEC may be undertaken by: Self-Regulatory Organisations, Broker-Dealers, Investment Advisers, Underwriters, Sponsored Broker-Dealers, Sponsored …

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Collective Investment Schemes/Mutual Funds – Fixed NAV and Floating NAV

Collective Investment Schemes (“CIS”), commonly known as mutual funds are investment vehicles, which allow the pooling of investor resources to create a more diversified portfolio and take advantage of the benefits of large-scale investment opportunities. Investors effectively own portions of the overall pool through units/shares, which are proportional to their …

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Robo-Advisers Are Here: What should you know?

With the emergence and phenomenal growth of financial technology (FinTech) globally, has been the rise of Automated Advice Tools or what is otherwise referred to as ‘Robo-Advisers’.  These are digital platforms that provide automated, algorithm-driven financial planning services with little to no human supervision.  Essentially, this involves a computer programmer creating software …

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Registration of Trust Form Collective Investment Schemes as Reporting Issuers

Trinidad and Tobago Securities and Exchange Commission has been faced with certain challenges to the application of the Securities Act, 2012 (the SA 2012) and the Securities (General) By-laws, 2015, as they relate to the registration of Collective Investment Schemes (CISs) constituted via trust.  These challenges are based on the …

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Compliance Reviews of Registrants – Another Way Investors are Protected

The conduct of compliance reviews (also known as inspections) is one of the mechanisms used by the Trinidad and Tobago Securities and Exchange Commission (TTSEC) for investors to maintain confidence in the local securities market. The Compliance and Inspections Division, of the TTSEC, is responsible for conducting compliance reviews to …

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