Regulatory Alerts2017-04-19
Trinidad and Tobago Securities and Exchange Commission Guidelines for Sale and Repurchase Agreements
The Trinidad and Tobago Securities and Exchange Commission issued guidelines regulating Sale and Repurchase Agreements to establish operational standards, registration requirements, and risk management protocols for market participants. The document mandates that Repo Sellers be registered broker-dealers, restricts collateral for non-institutional investors to specific government and corporate bonds, and requires strict custody arrangements with approved custodians. It further imposes obligations for monthly mark-to-market valuations, timely settlement within T+3 days, and comprehensive disclosure and reporting of financial statements and operational policies to the Commission.
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