Regulatory Alerts2026-01-01
The Securities (Retail Repurchase Agreements) Regulations, 2014
The Securities Commission of Jamaica issued these regulations to establish a comprehensive regulatory framework for retail repurchase agreements, requiring dealers to conduct transactions in strict compliance with prudential standards and master agreement terms. The rules mandate rigorous client asset protection measures, including the segregation of funds in trust accounts, daily reconciliations, and the appointment of Commission-approved Trustees and custodians. Additionally, dealers are obligated to provide plain-language disclosure statements regarding risks and fees, maintain detailed records for seven years, and issue timely transaction confirmations to ensure market integrity and investor protection.
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