In keeping with our mandate to create and promote such conditions in the securities industry to ensure its orderly growth, regulation and development, the Commission will from time to time issue guidance notes, circular letters, FAQs and policies:
- To assist registrants in their interpretation and compliance with the Securities Act 2012 ( as amended) and its related subsidiary legislation; and
- To reflect the Commission’s views on international/regional developments related to the securities industry.
Material Change
See Guidance on the nature and scope of the changes relating to material change and their impact on the statutory obligations of reporting issuers under the SA 2012.
To access the Guidance please on click the following link: Material Change Guidance
IOSCO News
As a member of the International Organisation of Securities Commissions (IOSCO), the Commission fully endorses the guidance provided by IOSCO, which are quite often extremely relevant in our local context. The Commission will update this information as required and encourages its Registrants to be guided accordingly. In the event of any doubt regarding IOSCO’s guidance, note that the Staff of the Commission is available to provide further, specific assistance as may be deemed necessary.
Statement on Importance of Disclosure about COVID-19
Statement: https://www.iosco.org/library/pubdocs/pdf/IOSCOPD655.pdf
Press release: IOSCO encourages issuers’ fair disclosure about COVID-19 related impacts
https://www.iosco.org/news/pdf/IOSCONEWS568.pdf
IOSCO Alerts
Please click here to go directly to the IOSCO Investor Alerts Portal for more information.
IOSCO Statement on Application of Accounting Standards during the COVID-19 Outbreak – IOSCONEWS561
AML- CFT
August 8, 2025
Guidance on a Risk Based Approach to Counter Proliferation Financing: A Best Practice Paper for Reporting Entities
In an increasingly global financial system, the threat of proliferation financing (PF) – the provision of funds or financial services used to support the proliferation of weapons of mass destruction – poses a significant risk to international peace and security. Recognising this, the Financial Action Task Force (FATF) has strengthened its standards to ensure that countries and private sector entities take proactive steps to identify, assess and mitigate PF risks.
The Financial Intelligence Unit of Trinidad and Tobago has issued a Best Practices Paper to guide financial institutions and other listed businesses (Reporting Entities) in aligning their compliance frameworks with the obligations set out in FATF Recommendation 1, which emphasises the application of a risk-based approach to PF. The Paper also addresses the requirements of Recommendation 7, which mandates implementation of targeted financial sanctions (TFS) without delay, in accordance with the United Nations Security Council Resolutions.
Registrants are therefore encouraged to consider this Guidance, which is intended to aid in:
- Understanding the nature and scope of PF risks;
- Integrating PF risk assessments into broader Compliance Programmes;
- Implementing proportionate and effective mitigation measures; and
- Ensuring timely and accurate compliance with TFS obligations
To access the Guidance please on click the following link: Guidance on a Risk Based Approach to Counter Proliferation Financing.
Please be guided accordingly.
February 24, 2025
Guidance to Financial Institutions on Terrorist Financing and Procedures for Reporting Terrorist Funds
This guidance document by the Financial Intelligence Unit of Trinidad and Tobago (“FIUTT”), is intended to aid financial institutions in implementation of their obligations under sections 22AB and 2C of the Anti-Terrorism Act, Chapter 12:07 (“the ATA”), to report to the FIUTT if it knows or suspects that funds within the Financial Institutions belong to an individual or legal entity who is a designated entity, a listed entity or who commits or participates in (or has committed or participated in) terrorist acts.
To access the Guidance please on click the following link Guidance to Financial Institutions on Terrorist Financing and Procedures for Reporting Terrorist Funds
Please be guided accordingly.
February 24, 2025
Guidance on Applications for Review of Freezing Orders
The Anti-Terrorism Unit of the Office of the Attorney General and Legal Affairs has published the attached Guidance to Listed Entities Subject to Targeted Financial Sanctions and Affected Persons on Applications for Review of Freezing Orders for Financial Considerations and Arrangements. This guidance document is intended to assist listed entities in understanding the implications of targeted financial sanctions (TFS) in reviewing court orders for the manner in which financial considerations and arrangements can be made. The document provides an overview of the relevant sections of the applicable laws within which the High Court of Trinidad and Tobago can make certain prohibitory orders, and the mechanisms through which persons, who are subject to as well as affected by freezing orders, can seek recourse from the High Court in respect to frozen property.
Registrants are therefore required to refer to the guidance published by the Anti-Terrorism Unit in conjunction with the Commission’s AML/CFT Guidance for the Securities Sector in keeping abreast with the evolving AML/CFT legislative framework and associated obligations.
To access the Guidance please on click the following link Guidance on Applications for Review of Freezing Orders
Please be guided accordingly.