Regulating – TTSEC

HOW THE SECURITIES INDUSTRY IS REGULATED (PART 2)

In our previous article, we discussed the regulatory frameworks that are available to the TTSEC in regulating the local securities market. The Securities Act, 2012 as amended (“SA 2012”) and its Securities General By-Laws, 2015 are two (2) major lynchpins through which the securities market and its market actors are …

Regulating the Securities Industry

The formalisation of the local securities industry began as a policy decision by the Government in the 1970s, which sought to localise the foreign-owned commercial banking and manufacturing sectors of the economy. The primary policy objective, at the time, was to encourage these businesses to divest and sell a majority …