Collective Investment Collective Investment Scheme Baseline StudyScheme Baseline Study(Survey Methodology)(Survey Methodology)

Objective of The StudyObjective of The Study

To obtain a comprehensive overview of the growth, performance, operations and governance of the CIS industry in Trinidad and Tobago

Goals of the StudyGoals of the Study To estimate the growth and size of the CIS

industry in Trinidad and Tobago; To assess and analyse the legal,

administrative and governance structures in place for fund management companies; and

To review and assess fund management practices which are employed in the industry.

Scope of StudyScope of Study

Industry structure Governance Issues Fund management practices of the

Trinidad and Tobago CIV industry Regulatory Regime for Funds

OutputsOutputs

Baseline Study of the Collective Investment Scheme Industry; and

Electronic Database

Organisation and Team Organisation and Team AssignmentsAssignments

TTSEC + CBTTTTSEC + CBTT

Oversight Committee (7 members)Oversight Committee (7 members)Governor, CBTT – Mr. Ewart WilliamsChairman, TTSEC – Mr. Osborne Nurse

2 Dep. Govs, CBTT – Dr. Shelton Nicholls and Ms. Joan. John General Manager, TTSEC – Ms. Denise Hackett

Dirs. of Res., TTSEC and CBTT – Mr. K. Sergeant and Ms. P. Forde

Project TeamProject TeamTeam Leader and Analyst – K. Stephen (TTSEC)

CBTT Research Analysts – A. Corbin, G. Gilbert and E. ValereConsultant Analysts – D. Seerattan and A. Birchwood

5 Research Assistants

Survey ParticularsSurvey Particulars

Basic Entities to be examined Funds

Locally Originated Foreign Originated

Preferred points of contact for interview Local Funds

The Fund Manager of the Investment Operator and The Investment Advisor for the funds

Foreign Funds The Local Service Agent

Study PhasesStudy Phases Phase 1: Perform Survey of Secondary

Data Sources

Phase 2: Perform Field Survey

Phase 3: Perform Analysis

Phase 4: Industry Consultation

Phase 5: Complete Study

Survey Approach: Phase 1Survey Approach: Phase 1

Secondary Data/ Desktop SurveyData Sources

TTSEC Register of Mutual Funds Prospectuses Annual Reports and Newspapers

N.B.N.B. Some of the Secondary Data may have Some of the Secondary Data may have to to be verified during field survey.be verified during field survey.

Survey Approach: Phase 2Survey Approach: Phase 2 Field Survey/ Interviews

Intended Points of Contact Local Funds – Fund Administrator/ Investment Operator Foreign Funds – Local Service Agent

Instruments Survey Questionnaire Data Sheets (for quantitative data)

Procedure Visit is Scheduled Respondent is given questionnaire and data sheets prior to visit Initial scheduled visit is made to assist with questionnaire

completion Callbacks to assist with cleaning of data

Completion of StudyCompletion of Study

Initial Analysis is prepared and consultations are invited;

First Draft prepared and presented to the Oversight Committee; and

Study is completed and published upon final review by Oversight Committee.