Small and Medium Enterprise Market

 

Trinidad and Tobago Stock Exchange Small & Medium Enterprise (SME) Market. 
In the 2011-2012 National Budget the Minister of Finance announced plans by the Government to provide small and medium enterprises with an avenue for raising capital on the local capital market in order to reduce their reliance on bank financing and provide them with an alternative source of capital to expand their business. This initiative is also intended to foster the development of the local capital market which is important in the thrust towards economic diversification. In response to this initiative the Trinidad and Tobago Stock Exchange (TTSE) established a market for Small and Medium Enterprises (SME Market).
 
 
Listing Requirements:
The Listing Requirements outlines the criteria that each company must satisfy in order to be considered for listing on the SME Market of the Exchange. The approval of an application for listing of securities is solely at the discretion of the TTSE. The fact that a company meets the listing requirements does not necessarily mean that its application will be approved. Other qualitative factors will also be considered by the Board of the TTSE when deciding on whether to approve an application. These factors include, but are not limited to, the nature of the business, its financial position, the market for its securities, its regulatory history, if any, its past corporate governance activities, its historical record and pattern of growth.

Small & Medium Enterprise Market Listing & Application Requirements

 

Listing Agreement:
The Listing Agreement outlines the on-going requirements that a company must satisfy in order to remain a listed company on the TTSE. By agreeing to the terms of the listing agreement the issuer commits itself and its Board of Directors to adhere to certain responsibilities.

TTSE SME Listing Agreement

 

Corporation Tax Act 2014 Cahpter 75:02:
This document outlines the amendment to the Corporation Tax Act that gives effect to the 10% rate of corporation tax applicable to companies listed on the SME Market.

Corporation Tax Act  2014 (dd dec 2015)
 

Jamaica Stock Exchange Junior Stock Market Testimonial:
This document is a testimonial from Jamaica Teas Limited on the benefits experienced after its first year of being listed on the Junior Market of the Jamaica Stock Exchange.

Jamaica Teas Limited -Evaluation of listing on the Jamaica Junior Stock Exchange