Take-over By-laws consultation
In accordance with its statutory mandate to review, approve and regulate take-overs the Trinidad and Tobago Securities and Exchange Commission intends to recommend the making of take-over by-laws to the Honourable Minister of Finance.
The Trinidad and Tobago Securities and Exchange Commission has prepared Take-over By-laws to regulate attempts by one entity (the offeror) to acquire control over an offeree company (the target). Although these By-laws have not yet been enacted into law, they represent best practice. The Commission therefore expects that all parties involved in take-over bids will comply with the requirements of the proposed Take-over By-laws.