Regulatory Alerts2008-06-02
Securities Industry (Hearings and Settlements) Practice Rules, 2008
The Securities Commission of Trinidad and Tobago issued the Securities Industry (Hearings and Settlements) Practice Rules, 2008, to establish comprehensive procedural frameworks for regulatory proceedings under the Securities Industry Act, 1995. These Rules mandate specific protocols for service, pre-hearing conferences, disclosure obligations, and the conduct of both oral and documentary hearings to ensure expeditious and fair determinations. Additionally, the document outlines detailed mechanisms for appeals, reviews of delegatee decisions, and settlement procedures, including the authority and composition of Hearing and Settlement Panels.
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