Regulatory Alerts2005-02-07
The Securities Industry (Take-Over) By-Laws, 2005
The Minister of the Republic of Trinidad and Tobago issued these by-laws under the Securities Industry Act, 1995, to regulate take-over and issuer bids. The regulations establish exemptions for certain bids, restrict acquisitions and sales during formal bids, and mandate specific disclosure requirements through bid circulars and press releases. Additionally, the by-laws define liability for misrepresentation, outline procedures for applications to the Commission, and protect minority security holders' rights against defensive tactics.
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