Regulatory Alerts2009-05-29
Guidelines for Foreign Companies Operating Employee Stock Compensation Plans in Trinidad and Tobago
The Trinidad and Tobago Securities and Exchange Commission issued guidelines allowing foreign companies domiciled and regulated elsewhere to operate Employee Stock Compensation Plans for local employees without registering as reporting issuers. Eligibility requires proof of good standing with a foreign regulator, adherence to international accounting standards, and structural safeguards ensuring shares are not traded on the local market. The Commission will review applications on a case-by-case basis to grant exemptions from registration requirements under the Securities Industry Act, subject to specific compliance conditions.
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