Regulatory Alerts2007-10-31
Amendment to Policy Guideline 11.1: Distribution of Foreign Mutual Fund Securities in Trinidad and Tobago
The Trinidad and Tobago Securities and Exchange Commission amended Policy Guideline 11.1 to eliminate regulatory disparities between local and foreign collective investment schemes by introducing a tiered registration framework. Foreign funds domiciled in designated territories, such as the United States and Canada, will qualify for automatic registration based on equivalent regulatory protections, while individually recognized schemes must comply with at least four of five specified operational guidelines or disclose exemptions in their prospectuses. These changes align foreign fund requirements with local standards to ensure a level playing field for all market participants.
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