Regulatory Alerts2009-05-01
Guidelines for Collective Investment Schemes
The Trinidad and Tobago Securities and Exchange Commission issued these guidelines to establish a comprehensive regulatory framework for Collective Investment Schemes amid rapid industry growth and concentration. The document mandates strict requirements for fund governance, continuous reporting, accurate performance measurement, and transparent prospectus disclosure to protect investors. It further defines operational standards for trustees, managers, and custodians while imposing specific investment, borrowing, and naming restrictions on domestic and foreign schemes.
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