The Issuer must provide evidence that it has been formed and registered under the appropriate legislation to which it is subject. Issuers incorporated in Trinidad and Tobago must be registered as companies under the Companies Act. Issuers incorporated outside of Trinidad and Tobago must be registered as external
companies under the Companies Act.
The Issuer must provide evidence that it has been registered as a Reporting Issuer and that its securities have been registered with the TTSEC.
The Issuer must submit a prospectus that has been approved by the TTSEC. Bonds issued by the Government of Trinidad and Tobago must submit an information memorandum that has been approved by the TTSEC. An Issuer that is cross listing on the TTSE must submit an information memorandum that has been approved by the TTSEC. The prospectus or information memorandum must be submitted to the TTSE for review before a final version is submitted to the TTSEC. The primary concern of the TTSE in this regard is to ensure that all required information is disclosed to enable the potential investor to make an accurate assessment of the securities being offered for sale.
classes of securities
All securities issued in a particular class must be listed.
All securities must be freely transferable.
Registrar and Transfer Agent
An Issuer incorporated under the laws of Trinidad and Tobago must appoint a registrar and transfer agent in Trinidad and Tobago. An Issuer that is not incorporated under the laws of Trinidad and Tobago but issues securities in Trinidad and Tobago must appoint a sub-registrar in Trinidad and Tobago.
Clearing and Settlement
The Issuer must submit an application to become a participant of the TTCD in order to facilitate the clearing
and settlement of transactions executed on the TTSE.
The fund must appoint an independent auditor to carry out the audit of its annual financial statements.
In the case of bonds issued via limited offering, the Issuer must provide evidence that it has been granted
exemptions from the prospectus requirements pursuant to Section 79 of the Securities Act (2012).
In the case of an initial public offer of corporate bonds above $75million, the Issuer may have to be rated by a recognized rating agency subject to the discretion of the Board of the Trinidad and Tobago Stock Exchange.
Government and Corporate Bond Market Listing Application
The following documents and information must be submitted by a sponsoring Stockbroker along with an
application to list:
Requirements 14-22 are not applicable to bonds issued by the Government of Trinidad and Tobago.