▁trad ing ▁on ▁the ▁secondary ▁market , ▁as ▁well ▁as ▁the ▁activities ▁of ▁the ▁M embers ▁of ▁the ▁Exchange , ▁subject ▁of ▁course ▁to ▁the ▁o vers ight ▁by ▁the ▁Commission . ▁▁ ▁On ▁December ▁ 3 1 , ▁ 2 0 1 2 ▁the ▁Sec ur ities ▁Indust ry ▁Act ▁of ▁ 1 9 9 5 ▁was ▁repe aled ▁and ▁replaced ▁by ▁the ▁Sec ur ities ▁Act , ▁ 2 0 1 2 . ▁ ▁Rec ent ▁behavior ▁The ▁T T SE ▁has ▁experienced ▁some ▁slow down , ▁both ▁in ▁terms ▁of ▁activity ▁and ▁list ings , ▁within ▁the ▁last ▁de cade , ▁stem ming ▁from ▁legisl ation ▁which ▁restricted ▁institutions ▁from ▁holding ▁more ▁than ▁ 1 0 % ▁of ▁their ▁port folio ▁in ▁any ▁single ▁company ' s ▁shares . ▁The ▁Global ▁Rec ession ▁( 2 0 0 7 - 2 0 1 0 ) ▁has ▁also ▁contributed ▁to ▁a ▁de pressed ▁state ▁of ▁liquid ity , ▁list ings ▁and ▁pr icing ▁on ▁the ▁T T SE . ▁This ▁was ▁further ▁comp ounded ▁by ▁the ▁slow down ▁in ▁the ▁Tr in idad ▁and ▁Tob ago ▁economy ▁stem ming ▁from ▁de pressed ▁comm od ity ▁( o il ▁and ▁gas ) ▁prices ▁from ▁ 2 0 1 4 ▁on wards . ▁Despite ▁this , ▁there ▁has ▁been ▁a ▁number ▁of ▁large ▁cap ▁list ings , ▁including ▁the ▁list ings ▁of ▁First ▁Cit izen ' s ▁Bank ▁and ▁the ▁Tr in idad ▁and ▁Tob ago ▁Natural ▁Gas ▁Company ▁Limited . ▁ ▁Tr ading