Entities that engage in activities specified within the respective legislation that govern the TTSEC and the CBTT are required to be duly registered with the relevant regulator/s. Investment activities that fall under the remit of the TTSEC may be undertaken by: Self-Regulatory Organisations, Broker-Dealers, Investment Advisers, Underwriters, Sponsored Broker-Dealers, Sponsored Investment Advisers and Registered Representatives. Figure 1 below shows the TTSEC’s main categories of registration and the numbers registered within each category, as at 31st December, 2019. It should be noted that a person or entity registered under the respective category, is required to comply with the provisions of the Securities Act, 2012 (SA 2012).