T&T Targets DRs in Bid for Liquidity

T&T Targets DRs in Bid for Liquidity

Caribbean

Trinidad and Tobago’s SEC is hoping to push through legislation in coming weeks to allow for the creation of a depository receipts (DR) board on the country’s stock exchange, Osborne Nurse, chairman of the SEC, tells LatinFinance. The move, wholly backed by the finance ministry, is an attempt to introduce market innovations that will give local investors more investment options and stimulate trade. The idea to do so was derived from RBC’s acquisition of RBTT, which will remove the latter’s share

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