The commission's role is to foster the orderly development of the securities market.

In December 2012, the SIA 1995 was repealed and replaced by the Securities Act (SA 2012)[3] “an Act to provide protection to investors from unfair, improper or fraudulent practices; foster fair and efficient securities markets and confidence in the securities industry in Trinidad and Tobago; to reduce systemic risk and for other related matters”.

In May 2010, the bill was before a Joint Select Committee of the Senate when Parliament was dissolved and general elections were subsequently announced.

In November 2010, the bill was re-laid before the Joint Select Committee of the Senate.

At the IOSCO conference in May 2011, members were informed that by December 31, 2012, the Appendix B listing would cease to exist.