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 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:
1.      Fulfill company registration requirements according to the Companies Act 1995 and its amendments.
2.      Provide the Exchange with: (a) 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.
3.      Register with the Exchanges, Depositories, and Securities Commissions in the countries where they will be Member Dealers. The Registration process is as follows:
A. REGISTER WITH THE REGISTRAR GENERAL IN TRINIDAD AND TOBAGO
Trinidad – Refer to forms and checklist:
 i.  Registration for External Companies Form 20
 ii.  External Company Officer’s Declaration Form
iii.
 
 
 
 
 
  
B. REGISTER WITH THE RESPECTIVE EXCHANGE AND DEPOSITORY
Trinidad – Refer to forms and checklist:
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C. REGISTER WITH THE RESPECTIVE SECURITIES COMMISSION AS A SECURITIES COMPANY
Trinidad – Refer to forms and checklist:
i.
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D. REGISTER BROKERS, DEALERS OR TRADERS REPRESENTING THE COMPANY WITH THE RESPECTIVE SECURITIES COMMISSION
   Trinidad – Refer to forms and checklist:
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Notes:
1.      Exchange and Depository Registration Fees for Barbados, Jamaica and Trinidad and Tobago will be waived.
2.     All forms relative to Registration must be submitted to the local Exchange for onward forwarding to the Securities Commission.
3.      The local Exchange will prepare a cover letter confirming ‘Fit and Proper’ status before forwarding documents.  
Settlement and Banking Arrangements (Securities Depositories)
1.      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.
2.    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.
4.      Contact persons are as follows
      Mr. C Wainwright Iton, Chief Exexutive Officer - The Trinidad & Tobago Stock   Exchange