Regulatory Alerts2024-11-27
Circular Letter – Process of Approval of Compliance Officer-Dual Entities
The Trinidad and Tobago Securities and Exchange Commission mandates that registrants regulated by multiple supervisory authorities must simultaneously submit applications for the approval of their Compliance Officer and the designation or approval of an alternate Compliance Officer to each relevant regulator. Applicants are required to ensure their nominees meet specific Fit and Proper Criteria and submit all necessary documentation, including certified academic records, CVs, and police certificates, within seven working days of selection. This circular replaces previous guidance issued in June 2020 and provides designated email contacts for the Central Bank, the Commission, and the Financial Intelligence Unit to facilitate these submissions.