Circular Letter to All Pension Fund Plans Regarding Supervisory Fees and Charges

CENTRAL BANK OF TRINIDAD & TOBAGO Eric Williams Plaza, Independence Square, Port-of-Spain, Trinidad, Trinidad and Tobago Postal Address: P.O. Box 1250 Telephone: (868) 625-4835; 4921; 5028; Fax: (868) 627-4696 E-Mail Address: info@central-bank.org.tt Website: www.central-bank.org.tt

September 13, 2011

CIRCULAR LETTER TO ALL PENSIONS FUND PLANS [CORPORATE TRUSTEES]

REF: CB-OIFI-2234/2011

The Central Bank (Payment of Supervisory Fees and Charges) Regulations, 2011

The Central Bank of Trinidad and Tobago (the Central Bank) wishes to advise that the Central Bank (Payment of Supervisory Fees and Charges) Regulations, 2011, (Regulations) was made by the Minister of Finance pursuant to section 60(6) of the Central Bank Act on August 12, 2011. An electronic copy of the Regulations may be accessed on the Central Bank's website via the link http://www.central-bank.org.tt/content/cost-recovery.

In accordance with regulation 16, the Central Bank will issue, by November 11, 2011, a written notice to each regulated person setting out the supervisory fee payable in respect of the fiscal year ending September 30, 2012. The fee shall be paid in two installments due January 31, 2012 and June 30, 2012. Please note that payment can be made by cheque payable to the Central Bank of Trinidad and Tobago.

The Central Bank wishes to place on record its appreciation for the role you played in the consultations which led to the finalization of the Regulations and looks forward to your continued co-operation in this exercise.

We kindly ask that you communicate the contents of this circular letter to management committees and the sponsoring organizations of the pension plans for which you are trustee.

Please acknowledge receipt of this letter by signing and returning the attached copy.

Yours sincerely

[Signature]

Carl Hiralal INSPECTOR OF FINANCIAL INSTITUTIONS