CAPITAL MARKETS COMMITTEE
Members of the Capital Markets Committee working at SDATT's Strategic Planning Session in January 2018. Seated from left to right are Kriss Marcus, Sarodh Ramkhelawan (Chair) and Fareesha Majid.
1. Mandate and Terms of Reference
1.1 The Board of Directors of the Securities Dealers Association of Trinidad and Tobago (“SDATT”) has delegated responsibility for the oversight of the development activity in the local capital markets to a committee of directors and members known as the Capital Markets Committee.
1.2 The Committee shall have the following charter:
To shape industry practice, securities legislation and regulatory activities aimed at facilitating more efficient capital markets activity in Trinidad and Tobago.
To interact with the Trinidad and Tobago Securities Exchange Commission (“TTSEC”) and at regular intervals to discuss and debate various rules and regulations introduced by TTSEC.
To organize regular discussions and seminars on Capital Markets which aims at analyzing the present condition of Trinidad and Tobago’s capital market and lays down a road map to improve its depth, reach and efficiency.
Develop ideas on educational programs to enhance members’ knowledge and raise the level of the securities profession in the local capital markets.
2. Membership of the Committee
2.1 Members of the Committee shall be appointed by the Board of Directors of SDATT.
2.2 The Members of the Committee are as follows:
Sarodh Ramkhelawan - Chair
2.3 The Board of Directors of SDATT will appoint a Chairman. In the absence of the Chairman, the remaining members of the Committee present shall appoint one of their members to chair the meeting.
2.4 The Committee shall appoint one of their members to act as the Secretary, or alternatively the Committee may co-opt any member of staff to act as the Secretary for a specific meeting or for any longer period.
The quorum necessary for the transaction of business shall be three (3) members.
4. Frequency of Meetings
The Committee shall meet at least four (4) times a year or more frequently as required. The Committee shall meet otherwise as required.
5. Notice of Meetings
5.1 Meetings of the Committee shall be arranged by the Secretary at the request of any of its members.
5.2 Unless otherwise agreed, notice of each meeting confirming the venue, time and date together with an agenda of items to be discussed, shall be sent to each member of the Committee and to any other person required to attend. Supporting papers may be sent to Committee members and to other attendees as appropriate, at the same time.
6. Minutes of Meetings
6.1 The Secretary shall minute the proceedings and resolutions of all meetings of the Committee, including recording the names of those present and those in attendance.
6.2 Minutes of Committee meetings shall be circulated to all members of the Committee within ten (10) working days of a meeting.
7. Reporting Responsibilities
The Chairman shall report formally to the Board of Directors of SDATT on all matters which fall within the Committee’s remit.
PUBLIC RELATIONS COMMITTEE
SDATT President Trudie Telesford Pierre (left) working with Dalia King (Chair of the Public Relations Committee) at SDATT's Strategic Planning Session in January 2018.
1.1. The name of the Committee shall be the Public Relations Committee (hereafter referred to as “the PR Committee”).
2.1. To advise and assist the Board of Directors in carrying out the Association’s mission and strategic business objectives by developing and monitoring the Association’s communication protocols and initiatives.
2.2. Communication may be directed at the following: 2.2.1. Politicians and other governmental bodies 2.2.2. Various entities regulating the Trinidad and Tobago Financial Services Sector (CBTT, SEC etc.) 2.2.3. Members of related, peripheral and support professions and disciplines 2.2.4. The media, and through them, the Trinidad and Tobago public
3.1. The committee will comprise no less than, but is not limited to, three (3) financial members of the board.
3.2 The Members of the Committee are as follows:
Dalia King- Chair
3.3. Inclusion on the committee will be by nomination, based on identified skills and competencies or maybe on a voluntary basis. Additionally, the committee may, on an as needed basis, co-opt the services of other member to perform specific tasks.
4. ROLES AND RESPONSIBILITIES
4.1. To develop a communications plans in conjunction the Board’s strategic direction.
4.2. To administer and manage content on SDATT’s website and other social media sites.
4.3. To develop and manage protocols for dissemination of both internal and external SDATT related information.
4.4. To be the primary coordinator for all public events of the association, including the annual awards ceremony and banquet.
4.5. To advertise and promote SDATT and its related events and initiatives.
The terms of reference shall be reviewed annually from the date of approval. They may be altered to meet the current needs of all committee members, by agreement of the majority of the members.
Members of the Regulatory Committee working at SDATT's Strategic Planning Session in January 2018. Seated from left to right are Adrian Manmohan (former Chair), Robert Balgobin and Stephen Thomas (Chair).
1.1. The Government and Regulation Committee (“the Committee”) is one the Standing Committees of the Securities Dealers Association of Trinidad and Tobago (SDATT). The Committee was established by the Board of Directors of SDATT to monitor, review and report directly to the Board on any existing and/or pending legislations and regulations, both locally and internationally, that can impact the financial industry in Trinidad and Tobago in particular the Capital Market.
2. PURPOSE OF THE COMMITTEE:
2.1. To assist in the development of rules, regulations and guidelines that governs the conduct of Stockbrokers, Investment Advisors and other Securities Dealers or market actors.
2.2. To develop educational programs and material to advance the knowledge of its members and the general public.
2.3. To work closely with the Securities & Exchange Commission and the Trinidad and Tobago Stock Exchange in developing and effective and efficient Capital Market.
2.4. To review and make recommendations to the Board on existing and pending rules and regulations.
2.5. To monitor Government and Public action and reaction to Capital Market activities and report to the Board.
2.6. To help ensure investors’ confidence in the integrity of the Capital Market, securities professionals and Investment advisors
2.7. To assist in establishing rules, regulations and discipline procedures that governs the conduct of its membership.
2.8. To assist the Board to effectively report on the interest of its members
3. MEMBERSHIP OF THE COMMITTEE:
3.1. The Committee shall be appointed by the Board of directors of SDATT and comprise of members of the Board of SDATT and representative of members of the Association.
3.2 The Members of the Committee are as follows:
Stephen Thomas - Chair
3.3. Members shall hold office until the next Annual general meeting and may elect to serve a further term.
3.4. The Chairman of the Committee shall be selected by the members of Board of Directors of SDATT.
4.1. The Committee shall meet at least four (4) times a year or as required.
4.2. Meetings may be held in person, telephone or by video conference.
4.3. The Chairman shall convene a meeting or any committee member can request that the Chairman convene a meeting.
4.4. The Chairman may request a member of the Committee to act as Chairperson for the purpose of any meeting in his absence and if not other members can select a member for the said purpose.
4.5. The members of the Committee shall select one of their members to be the Secretary of the Committee and in the absence of that person at any meeting a Recording Secretary may be selected for the purpose of that meeting.
4.6. The Committee Secretary or recording secretary should write the minutes of the proceedings and the decisions of the Committee and circulate them before the next meeting.
4.7. Notice of Meeting
4.7.1. Notice of the meeting must be sent to all members of the committee entitled to attend stating the date, time, method and/or location of the meeting with and agenda of items to be discussed, supporting documents and minutes of the previous meeting, if any, well in advance.
4.7.2. All members of the committee that are entitled to attend a meeting must agree to a Waiver of Notice of meeting, if necessary for the meeting to be valid.
4.8. Each member of the committee is entitled to vote on matters before it and decisions at the meeting are decided by a majority of the members voting.
4.9. A quorum shall consist of at least three (3) members of the committee members at the time of the meeting.