2017-08-24 | 31767

Establishment of Representative Offices by Licensed Domestic Institutions Pursuant to Section 50(4) of the Financial Institutions Act, 2008

The banking regulator has authorized licensed domestic institutions to establish representative offices under Section 50(4) of the Financial Institutions Act, 2008. This directive establishes clear eligibility criteria and operational guidelines for overseas entities conducting market research and liaison activities. Institutions must comply with designated reporting thresholds to maintain regulatory oversight while expanding their international footprint.

Trinidad and Tobago

Central Bank of Trinidad and Tobago

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Banking Sector Establishment of Representative Offices by Licensed Domestic Institutions Pursuant to Section 50 (4) ofthe Financial Institutions Act, 2008 (‘Act’) Share