CXN

Caribbean Exchanges Network (CXN) Guidelines

Each CXN Member Dealer will need to register with the respective Stock Exchange and the Depository. There is no charge for registration, however, fit and proper status at the local Exchange will be verified. For expediency, all forms completed for Registration must be sent to the local (home) Exchange for forwarding to the CXN Exchanges along with fit and proper status. Member Dealers will be required to take the following steps:

REGISTRATION

  • Fulfill company registration requirements according to the Companies Act 1995 and its amendments.
  • Provide the Exchange with a certified copy of the company’s Certificate of Registration as an external company under the Companies Act, Ch. 81:01. This may be obtained from the Registrar General’s Department.
  • Register with the Exchanges, Depositories, and Securities Commissions in the countries where they will be Member Dealers. The Registration process is as follows.

register with the registrar general in trinidad and tobago

register with the respective exchange and depository

register with the respective securities commission as a securities company

register brokers, dealers or traders representing the company with the respective securities commission

NOTES

  • Exchange and Depository Registration Fees for Barbados, Jamaica and Trinidad and Tobago will be waived.
  • All forms relative to Registration must be submitted to the local Exchange for onward forwarding to the Securities Commission.
  • The local Exchange will prepare a cover letter confirming ‘Fit and Proper’ status before forwarding documents.

Settlement and Banking Arrangements (Securities Depositories)

  • For transactions involving instruments denominated in TTD, member Dealers must open a TTD account with a bank in Trinidad to facilitate settlement of said transactions. The bank, account number and routing instructions must be communicated to the TTCD.
  • For transactions involving instruments denominated in USD, member Dealers must open a USD account with a bank in Trinidad to facilitate settlement of said transactions. The bank, account number and routing instructions must be communicated to the TTCD.
  • TTCD CXN Member Checklist (see below).
  • Contact persons are as follows Ms. Amoy Van Lowe, Chief Executive Officer - The Trinidad & Tobago Stock Exchange.

Equities

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Bonds

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Mutual Funds

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USD

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MEMBER FIRMS