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TTSEC Hosts Virtual Media Sensitisation Session

Media Release – TTSEC Hosts Virtual Media Sensitisation Session

Principles Underpinning Corporate Governance

Corporate governance has been on the agenda of policymakers and practitioners for quite a long time; particularly in the early 2000s, following a number of high-profile corporate failures, such as Enron and WorldCom, partially due to shortcomings in the governance of these entities. Kirkpatrick (2009) points out that the global …

Market Conduct – What is expected from Registrants?

We are already into the second month of the year, and persons may at this time be implementing their financial goals. One way to reach those financial goals may be through investing in equities, debt securities (such as bonds) and mutual funds. This week, we focus on the types of …

The Importance of Ethics in the Securities Industry – The Role of Registrants Pt. 2

In last week’s article, we briefly discussed various types of unethical practices in the financial sector and the advantages businesses gain from not engaging in such activities. This week we continue the discussion by outlining some of the ways in which Registrants can institute an ethical culture within their organisations …

Importance of Ethics in the Securities Industry

Ethics is crucial to the viability of capital markets. Without it, exists the potential to incapacitate the growth and development of the securities industry. Over the years, securities markets around the world have been plagued with a myriad of cases of professionals utilising wrongful business practices to defraud clients, employers …

Public Access to Documents

The global financial crisis of 2008 underscored the need for greater emphasis on strengthening investor protection mechanisms by incorporating safety measures into securities regulatory frameworks. The Securities Act 2012 (SA 2012) enables the Trinidad and Tobago Securities and Exchange Commission (TTSEC)) to protect investors through enhanced: (1) Information on disclosure …

Impact of COVID-19 on T&T’s Equity and Mutual Fund Markets

We have reached the end of a particularly challenging year. Most countries continue to grapple with the consequences of COVID-19 which crippled many industries, particularly in Travel and Tourism. Since the imposition of public health regulations and restrictions on movement (otherwise referred to as ‘lock down’ measures) to contain the …

Repo Guidelines: How They Affect Investors (Part 2)

We continue our three-part series on Repo Guidelines and focus our discussion this week, on Sections V to XIII of the Sales and Repurchase Agreement Guidelines. According to Section V of the Repo Guidelines, Repo sellers must ensure that all collateral securities[1] are either registered with the Commission, or registered …

Repo Guidelines: How Do They Affect the Investing Public (Part 1)

The first question you may be asking yourself is, “What is repo or a repurchase agreement? It sounds similar to taking out hire purchase.” Actually, they are quite dissimilar in nature. Repurchase agreements are referred to as repos or buy/sell backs. In such agreements, according to the International Capital Markets …

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