Regulatory Alerts2021-03-11 | 29678Added · Updated
Revised Corporate Governance Guideline – March 2021
The Central Bank of Trinidad and Tobago issues the Revised Corporate Governance Guideline, March 2021, updating the May 2007 version to align with OECD, Basel, and IAIS standards. Financial institutions licensed under the Financial Institutions Act, Insurance Act, Exchange Control Act, or designated as Financial Holding Companies and Payment Service Providers must review the Guideline for deficiencies and submit a board-approved action plan within six months. These entities are granted a transition period of up to one year to implement new policies, update existing procedures, or effect organizational changes to comply with the Guideline.
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