This paper seeks to put forth a proposal to
facilitate the implementation of Employee
Stock Compensation Plans by Multinational Corporations that have operations in Trinidad and Tobago
In light of the phenomenal growth of the Collective Investment Scheme industry , and the evidence that has been emerging from our survey of the market, it is clear that guidance is needed regarding issues of fund governance, risk management practices, marketing and promotional practices, and reporting by fund managers and trustees.
These guidelines set out certain procedures for declaring that an issuer is no longer a reporting issuer under section 64(6) of the Act.
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 Commission recognises the need for regulation of the offering and distribution of Structured Products given, not only the mandate of the Commission under the Securities Industry Act, 1995 to ensure the orderly development of the capital market, but also the complexity and inherent risks involved in this product
This is the amendment to Policy Guideline 11.1. All other provisions of the 1998 guideline remain as originally issued.
The Trinidad and Tobago Securities and Exchange Commission (“the Commission”) is mandated by the Securities Industry Act, 1995 (“the SIA”) to create and promote such conditions in the securities market as are necessary and appropriate for its orderly growth and development.
GUIDELINES ON SHARE REPURCHASES PURSUANT TO THE COMPANIES ACT 1995 AND THE SECURITIES INDUSTRY
(TAKE-OVER) BY-LAWS, 2005
Issued in accordance with section 6(b) of the Securities Industry Act, 1995
October 1, 2006
The adequacy of the capital held by underwriters registered under the Securities Industry Act, 1995 (the SIA) has become a matter of concern to the Commission. With a capital requirement of five million dollars, underwriters registered under the SIA are not subject to the same requirements as those registered under the Financial Institutions Act, 1993 (the FIA).
The Collective Investment Schemes Guidelines were launched on April 12, 2006.
