▁the ▁public ▁sector ▁in ▁the ▁early ▁ 1 9 7 0 s ▁was ▁the ▁rapid ▁establishment ▁of ▁private ▁institutions ▁such ▁as ▁trust ▁companies ▁and ▁stock ▁bro king ▁fir ms ▁to ▁satisfy ▁the ▁dem ands ▁of ▁invest ors ▁in ▁both ▁the ▁primary ▁and ▁secondary ▁mark ets . ▁ ▁With ▁such ▁infrastr ucture ▁in ▁place ▁and ▁the ▁con com it ant ▁increase ▁in ▁the ▁se cur ities ▁business ▁the ▁decision ▁was ▁taken ▁to ▁establish ▁a ▁se cur ities ▁market ▁within ▁a ▁framework ▁of ▁established ▁R ules ▁and ▁Reg ulations ▁to ▁facil itate ▁the ▁development ▁of ▁the ▁domestic ▁capital ▁market . ▁ ▁The ▁establishment ▁of ▁the ▁Stock ▁Exchange ▁under ▁the ▁prov isions ▁of ▁the ▁Sec ur ities ▁Indust ry ▁Act ▁ 1 9 8 1 ▁was ▁a ▁natural ▁extension ▁of ▁the ▁policy ▁to ▁formal ise ▁the ▁se cur ities ▁market ▁in ▁Tr in idad ▁and ▁Tob ago . ▁This ▁Act ▁was ▁proc laimed ▁on ▁ 2 3 ▁October ▁ 1 9 8 1 ▁and ▁the ▁Stock ▁Exchange ▁was ▁formally ▁opened ▁on ▁ 2 6 ▁October ▁ 1 9 8 1 ▁under ▁the ▁aus p ices ▁of ▁the ▁Ministry ▁of ▁Fin ance . ▁ ▁Over ▁the ▁years ▁and ▁leading ▁up ▁to ▁the ▁current ▁time , ▁there ▁was ▁no ▁doubt ▁that ▁the ▁original ▁Sec ur ities ▁Law , ▁that ▁is , ▁The ▁Sec ur ities ▁Indust ry ▁Act , ▁ 1 9 8 1 ▁became ▁in effect ive . ▁In ▁attempting ▁to ▁bring ▁both ▁Primary ▁and ▁Second ary ▁market ▁activity ▁under ▁one ▁um bre lla , ▁the ▁Act