Regulatory Alerts2024-11-27
Added · Updated
Circular Letter – Beneficial Ownership Reporting Entities
The Trinidad and Tobago Securities and Exchange Commission issued this circular to enforce new beneficial ownership reporting requirements following amendments to the Securities Act via Act No. 1 of 2024. Reporting entities must ascertain, verify, and maintain an up-to-date register of beneficial owners, defined as individuals holding at least 10% voting rights or exercising ultimate effective control. These entities are required to submit this information to the Commission annually within 21 days of their financial year-end and notify the regulator of any changes within 30 days of occurrence.
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