Trinidad & Tobago: Deal sealed in global securities pact

from the Business Guardian..

June 21, 2013

T&T, through the Trinidad and Tobago Securities and Exchange Commission (TTSEC), has become a full signatory to the International Organization of Securities Commission’s Multilateral Memorandum of Understanding Concerning Consultation and Co-operation and the Exchange of Information (MMoU). The decision was made on Wednesday at a meeting of the Board of the International Organization of Securities Commissions (IOSCO) in Montreal, Canada. T&T joins a select group of 95 MMoU signatories.

The MMoU is a tool used by securities regulators to help ensure effective regulation and to preserve and strengthen the international securities market. It represents a common understanding amongst its signatories about how they will consult, co-operate, and exchange information for securities regulatory enforcement purposes.

This agreement provides a mechanism through which signatories share with each other essential investigative material, such as beneficial ownership information, and securities and derivatives transaction records such as bank and brokerage information.

Link to the article: http://www.guardian.co.tt/business/2013-06-21/deal-sealed-global-securities-pact

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