Regulatory Alerts2024-10-23 | 24033Added · Updated
Mergers and Acquisitions Guideline
The Central Bank of Trinidad and Tobago requires prior approval for mergers, acquisitions, transfers, and amalgamations involving licensees, insurers, and financial holding companies. Applications are mandatory when an acquirer seeks ten percent or more of voting power, or when a licensee or insurer transfers ten percent or more of its assets or a subsidiary. A controlling shareholder permit is required for any entity acquiring more than fifty percent of voting rights or dominant influence. If a proposed merger results in a combined market share exceeding forty percent in Trinidad and Tobago, the Central Bank must refer the application to the Minister for determination.
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