Regulatory Alerts2005-06-27
The Regulatory Treatment of Deferred Tax Annuity/Saving Plans Sponsored by Non-Insurance Companies
The Trinidad and Tobago Securities and Exchange Commission proposes a regulatory framework to bring deferred annuity and savings plans sponsored by non-insurance entities under its jurisdiction. The document argues that these hybrid vehicles constitute investment contracts rather than insurance products, thereby qualifying as securities subject to registration and continuous disclosure requirements. It outlines the legal basis for this classification using international precedents and details the necessary compliance steps for plan sponsors and investment managers.
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