Regulatory Alerts1981-01-01
Unit Trust Corporation of Trinidad and Tobago Act No. 26 of 1981
The Parliament of Trinidad and Tobago enacted this legislation to establish the Unit Trust Corporation as a corporate body responsible for managing unit trusts and schemes. The Act defines the governance structure, including the composition and duties of the Board of Directors, and mandates the creation of unit schemes to allow public participation in investment gains. It further regulates the corporation's capital, income distribution, tax exemptions, and operational powers while ensuring oversight by the Central Bank.
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