Regulatory Alerts2022-11-16
Added · Updated
TTSEC Guidelines on Implementation of the Tax Information Exchange Agreements (United States of America) Act 2017
The Trinidad and Tobago Securities and Exchange Commission has issued final Guidelines under the TIEAA Act 2017, requiring broker-dealers, underwriters, and investment advisers to implement robust compliance frameworks. Registrants must designate a responsible officer, conduct a self-assessment using the prescribed form, and submit evidence of this assessment to the Commission within 30 days of the guidelines' issuance. The guidelines became effective on November 1, 2022, with a submission deadline of December 1, 2022, and note that while contraventions are not criminal offences, the Commission retains enforcement powers under the Securities Act.
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