PUBLIC NOTICE
Promoting Integrity in the Jamaican Financial Sector
IMPORTANT DEADLINE FOR RETAIL REPO INVESTORS
If you are currently invested in retail repurchase agreements (also known as “retail repos”), there are two
(2) important requirements that you MUST comply with before AUGUST 2, 2016:
1. YOU MUST carefully read, then sign the Master Retail Repurchase Agreement or MRRA.
This document can be obtained from your securities dealer.
2. YOU MUST provide your securities dealer with a valid Taxpayer Registration Number (TRN) or
other Government-issued identification number acceptable to the Financial Services Commission
(FSC).
Why are these requirements important?
1. The signed MRRA serves as evidence of a retail repo investor’s rights under a retail repo contract
and protects his or her interest in the event that a securities dealer is unable to repay the invested
amount. If you do not sign the MRRA, it may be difficult to secure your rights.
2. It is a breach of the law for securities dealers to have business relationships with investors who fail
to sign the MRRA and submit a TRN or other acceptable identification number. Therefore, the
securities dealers may close those investors’ accounts.
To update your retail repo account and avoid possible closure of your account, visit or call your licensed
securities dealer before August 2, 2016.
To learn more about retail repos and how they work, visit the FSC’s website: www.fscjamaica.org and click
the Library link to download our Retail Repo Fact Sheet.
Financial Services Commission | 39-43 Barbados Avenue | Kingston 5, Jamaica, West Indies