The T&T Se­cu­ri­ties and Ex­change Com­mis­sion (TTSEC) has signed a Mem­o­ran­dum of Un­der­stand­ing (MoU) with the T&T Stock Ex­change Lim­it­ed (TTSE) to co-op­er­ate on ini­tia­tives re­lat­ed to reg­u­la­tion and de­vel­op­ment of the lo­cal cap­i­tal mar­ket and se­cu­ri­ties in­dus­try.The MoU es­tab­lish­es a for­mal com­mit­tee which will meet quar­ter­ly to deal with mat­ters re­lat­ing to both agen­cies and the se­cu­ri­ties mar­ket. A work­ing group was al­so set up with­in each in­sti­tu­tion to fa­cil­i­tate the ease with which they in­ter­act.

This is the fifth agree­ment the TTSEC has signed and for­malised over the past 18 months. In June 2013, the TTSEC be­came a full sig­na­to­ry to the IOSCO Mul­ti­lat­er­al Mem­o­ran­dum of Un­der­stand­ing Con­cern­ing Con­sul­ta­tion and Co-op­er­a­tion and the Ex­change of In­for­ma­tion (MMoU). On Jan­u­ary 6, an MoU was signed with the Cen­tral Bank Both agree­ments deal with how they will con­sult, co-op­er­ate, and ex­change in­for­ma­tion for reg­u­la­to­ry en­force­ment pur­pos­es.

On Jan­u­ary 8, a pro­to­col was signed be­tween the TTSEC and the Se­cu­ri­ties Deal­ers As­so­ci­a­tion of T&T and on April 9, an MMoU with the Caribbean Group of Se­cu­ri­ties Reg­u­la­tors came in­to force. This agree­ment aims to fa­cil­i­tate mu­tu­al co-op­er­a­tion in the con­duct of reg­u­la­to­ry and su­per­vi­so­ry func­tions un­der the rel­e­vant se­cu­ri­ties laws, reg­u­la­tions and rules.