REVIEW OF THE ECONOMY 2013
54
SUSTAINING GROWTH, SECURING PROSPERITY
Over the review period, the number of market
registrants with the SEC increased marginally
from 208 to 210. Declines in the number
of Registered Representatives (Brokers),
Investment Advisors and Underwriters were
more than compensated for by increases in the
number of Reporting Issuers, Broker-Dealers,
and Registered Representatives (Traders). Self-
Regulatory Organisations remained unchanged
at two (2) - the Unit Trust Corporation and the
Trinidad and Tobago Stock Exchange.
A total of twenty-seven (27) securities were
registered during the nine-month period
ending June 2013, representing an increase
of thirteen (13) from the previous nine-month
period October 2011 to June 2012. The new
securities registered comprised twenty (20)
bond issues, six (6) certificates of participation
and one (1) Commercial Paper. The aggregate
value of securities registered increased from
TT$6.22 billion at the end of June, 2012 to
TT$17.36 billion at the end of June 2013. Bond
issues with an aggregate face value of TT$13.7
billion represented 79.0 percent of the value
of all securities registered. Certificates of
participation accounted for the remaining 20.0
percent or TT$3.5 billion of securities registered
with the Commission over the review period.
Table 9:
Total Registrants
As at May 31,
2012
As at May 31,
2013
Registered representatives (Brokers)
33
27
Investment Adviser
18
16
Reporting Issuers
94
95
Broker-Dealers (Securities Companies)
36
42
Self-Regulatory Organisations (SRO)
2
2
Registered representatives (Traders)
23
27
Underwriter
2
1
Total
208
210
Source: Securities and Exchange Commission
Equities
For the nine month period October 2012 to June
2013 the domestic stock market performed
favourably. The Composite Price Index (CPI),
grew by 9.96 percent over the review period,
from 1,022.4 to 1,123.9 in June 2013 (year-on-
year). The volume of shares traded on the first
tier market increased by 19.7 percent from
41,399,250 to 49,567,167. The value of shares
traded over the review period increased by 26.9
percent to $623.8 million. Market capitalisation
on the first tier market stood at $102.5 billion at
the end of the nine month period ending June
2013 up by 9.1 percent from $93.9 billion.
There were several major developments which
took place at the Trinidad and Tobago Stock
Exchangeover theperiodunder review.Firstly,on
November 12th 2012, Savinvest India Asia Fund
(SIAF) was de-listed pursuant to a resolution
passed by SIAF’s unit holders approving the
de-listing. This action was taken as part of the
process to convert SIAF to an open-ended fund.
Secondly, on December 24th 2012, Capital &
Credit Financial Group Limited (CCFG) was de-
listed pursuant to the acquisition of CCFG by
Jamaica Money Market Brokers Limited. Thirdly,
on January 4th 2013, CLICO Investment Fund
(CIF) was listed on the Exchange’s Mutual Fund
THE MONETARY SECTOR
