The Trinidad and Tobago Securities and Exchange Commission’s (TTSEC’s) Guidelines for Collective Investment Schemes, 2008, Â states that a CIS manager is a person who is responsible for the business operations and affairs of a collective investment scheme. Guideline 11 of the TTSEC CIS Guidelines states that no person shall act as a manager of a CIS unless such person is registered and approved by the TTSEC. As at June 2020, there were 14 CIS Managers reported under the TTSEC’s Micro and Macro Prudential Reporting Framework. Â The data also showed that as at June 2020, 64.29% of CIS Managers belonged to a Financial Group, 28.57% to a Bank Group and the remainder were Independent.
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