Regulatory Alerts2023-07-10
Circular Letter- Amendments to the MMRF Forms
The Trinidad and Tobago Securities and Exchange Commission has amended the Client Assets Managed fields within the Micro and Macro-Prudential Reporting Framework forms to distinguish between Collective Investment Schemes, Private Wealth Clients, and Other Clients. These changes modify the Cover Sheet and Balance Sheet (MMRF01) by adding specific line items for Private Wealth Clients and establishing separate totals for each client category. The Commission will implement these amended forms for the reporting quarter ending June 30, 2023.
Trinidad and Tobago Securities and Exchange Commission LEVELS 22-23, TOWER D, INTERNATIONAL WATERFRONT CENTRE, 1 WRIGHTSON ROAD, PORT OF SPAIN, TRINIDAD, W.I. Tel: (868) 624-2991 | Email: ttsec@ttsec.org.tt | Website: www.ttsec.org.tt TTSEC-EXEC-21034-CH-5/6/2023 June 6, 2023 Circular re: Broker-Dealers, Investment Advisers, Underwriters and Self-Regulatory Organizations (SRO) Registered Under The Securities Act, Chap 83:02 Of The Laws Of The Republic Of Trinidad And Tobago Dear Registrants/SRO’s, Amendments to the Micro and Macro-Prudential Reporting Framework (MMRF) forms for information on Client Assets Managed The Trinidad and Tobago Securities and Exchange Commission (“the Commission”) has amended the Clients Assets Managed fields of the Micro and Macro-Prudential Reporting Framework (MMRF) forms. These changes were necessary to provide a clear distinction between Clients Assets managed on behalf of Collective Investment Schemes, Private Wealth Clients and Other Clients in the securities market. Amendments to the Client Assets Managed fields were incorporated within the Cover Sheet and Balance Sheet (MMRF01) only and are as follows:
- Cover Sheet: Line item amended: • Number of Clients (exclusive of Private Wealth Clients) Additional line item: • Number of Private Wealth Clients
Trinidad and Tobago Securities and Exchange Commission LEVELS 22-23, TOWER D, INTERNATIONAL WATERFRONT CENTRE, 1 WRIGHTSON ROAD, PORT OF SPAIN, TRINIDAD, W.I. Tel: (868) 624-2991 | Email: ttsec@ttsec.org.tt | Website: www.ttsec.org.tt TTSEC-EXEC-21034-CH-5/6/2023 June 6, 2023 Circular Page 2 2. Balance Sheet (MMRF 01): Additional line items: • 1600 Client Assets Managed for Private Wealth Clients (ref #1601-1613 are subcategories under this field) • 1614 Total Client Assets Managed for Private Wealth Clients • 1620 Total Client Assets Managed for Collective Investment Schemes • 1630 Total Client Assets Managed for Other Clients • 1640 Total Clients Assets Managed The Commission will implement the amended MMRF forms for the quarter ending June 30, 2023. Should you have any further questions or feedback, please contact the MMRF team at mmrf@ttsec.org.tt. Please be guided accordingly. Yours sincerely, Lystra Lucillio Chief Executive Officer (Ag.)