Central Bank of Trinidad and Tobago releases Draft E-Money Policy for comments until December 12 2018

The Central Bank of Trinidad and Tobago has released a Draft E-Money Policy “To Inform a Ministerial Order for the Category of Persons
other than Licensed Financial Institutions
who can Issue E-money” for comments before December 12 2018.

View / Download Central Bank of Trinidad and Tobago Draft E-Money Policy (PDF ; 962K)  | Local TTCS copy

From the E-Money Policy introduction:

The Financial Institutions Act 2008 (‘FIA’), defines electronic money (e-money) as “a monetary value represented by a claim on the issuer which is –
a) stored on an electronic device;
b) issued on receipt of funds of an amount not less in value than the monetary value issued; and
c) accepted as a means of payment by persons other than the issuer,
so however that the funds referred to in (b) above shall not be treated as a deposit.”

Currently, only financial institutions as defined in the FIA and licensed to conduct ‘business of banking’ or ‘business of a financial nature’ (‘licensees’) can issue e-money. E-money instruments include prepaid cards or stored value accounts, digital wallets etc.

However, given the emergence of Fintechs3 in the financial landscape, non- licensees have expressed interest in being permitted to issue e-money.

The Central Bank is of the view that e-money issuers other than licensees can help promote financial inclusion and development of the domestic payments system which is still heavily cash based.

Consequently, it has developed this E-money Policy that discusses the proposed regulatory framework for e-money issuers other than licensees for consultation with its regulated entities and other interested stakeholders.

The E-money Policy is divided into four parts:
• Part I is the Introduction;
• Part II discusses E-Money Developments in Trinidad and Tobago;
• Part III together with Appendices 1 and 2 examine international and regional precedent,
including risks associated with e-money issuance; and
• Part IV presents the policy recommendations for Trinidad and Tobago which are detailed in Appendix 3 – the draft E-Money Issuer Order to be made by the Minister of Finance.

The Central Bank advises that the consultation on the draft E-money Policy will  be closed on December 12, 2018. Comments on the E-money Policy should be forward by e-mail to [email protected]





TTCS OSSWIN 2.4 a collection of Free and Open Source Software (#FOSS) for Windows available for download

the all new TTCS OSSWIN 2.0 featuring a new web UI

The TTCS OSSWIN v2.40, a collection of the latest version of Free and Open Source Software for Microsoft Windows 10/8/7 is available for download. The latest release features several software updates.

Visit the TTCS OSSWIN page at https://www.ttcs.tt/osswin for more details and to download the 4GB collection as an ISO file for extracting to your harddrive or USB storage device or for burning on to a DVD.

Note that you can also browse TTCS OSSWIN online at http://ttcsosswin.ttcs.tt/ which features the web interface to learn about Free and Open Source programs in various categories, including screenshots or videos of the programs and a link to the program’s website where you can download the program. The web based UI is responsive, meaning it should be usable on non-Windows small screen mobile phones and tablets.

Trinidad and Tobago Remote Hub for the Internet Governance Forum (IGF) 2018 from Monday November 12th to Wednesday November 14th, 2018 from 7:30am to 1pm

IGF2018 logo (via IGF website)

The thirteenth Annual Meeting of the Internet Governance Forum (IGF) will be hosted by the Government of France at the headquarters of UNESCO in Paris from 12 to 14 November 2018. The IGF is an opportunity for multi-stakeholder dialogue on public policy issues related to key elements of Internet governance, such as the Internet’s sustainability, robustness, security, stability, access and development.

The Trinidad and Tobago Multistakeholder Advisory Group (of which the TTCS is a member) invites you to join us in participating in the IGF at our IGF Remote Hub, which will be based at the Telecommunications Authority of Trinidad and Tobago, #5, Eighth Avenue Extension, off Twelfth Street, Barataria, on Monday 12th – Wednesday 14th November 2018, from 7:30am – 1:00pm.

At the remote hub we will:

  • View the live IGF sessions
  • Submit comments and questions during the IGF sessions
  • Hold discussions on internet governance issues.

Please see the IGF 2018 schedule to identify sessions of interest. Note that the times on the IGF 2018 schedule are local to France which is 5 hours ahead of Trinidad and Tobago.

Attendance to the Trinidad and Tobago’s IGF 2018 Remote Hub is free, however please RSVP using this Google Form in order to confirm seating. Light refreshments will be available for participants.

TTCS final comments on TATT’s Discussion Paper on Net Neutrality and OTT Services in Trinidad and Tobago

The Trinidad and Tobago Computer Society has submitted its comments on the Telecommunications Authority of Trinidad and Tobago (TATT)’s Discussion Paper on Net Neutrality and OTT Services in Trinidad and Tobago (PDF ; local TTCS copy ;  1034K)

Read / View TTCS comments on Discussion Paper on Net Neutrality and OTT Services in Trinidad and Tobago (PDF ; 285K)


TTCS F2F meeting on Saturday October 13 2018 from 1pm – finishing response to TATT’s discussion paper on proposed regulations for Internet users in Trinidad and Tobago

excerpt from TATT’s discussion paper on net neutrality

The Trinidad and Tobago Computer Society (TTCS) will be having a F2F meeting on Saturday October 13 2018 from 1pm at Engineering Consultants, 112A Edward Street (corner of Oxford and Edward Streets), Port of Spain.

At this meeting, we will be working to finish the TTCS’ response (Google doc ; no account required to comment) to the Telecommunications Authority of Trinidad and Tobago’s proposed Internet regulations for Trinidad and Tobago.

Please RSVP to [email protected] if you are attending this meeting.