Regulatory Market Oversight Division (RMOD)

RMOD Logo

 

Purpose Statement

To promote market transparency, integrity and efficiency by protecting and advancing stakeholders’ welfare through the enforcement of rules, market surveillance, broker inspections and the assessment of market documents and financial statements.

Who We Are?

By Board Resolution dated November 13, 2007 the Board of the Jamaica Stock Exchange (JSE) approved the establishment of the Regulatory and Market Oversight Committee (“the RMOC”) and a Regulatory and Market Oversight Division (RMOD). The Board delegated its regulatory powers to the RMOC. The RMOC is comprised of the Independent Members of the Board and will be responsible for Market Oversight, Standards and Regulation. The Board also ceded to the RMOC the power to make final decisions in regard to the regulation of the market. Based on this authority no market regulatory activity will be considered by the Board of the JSE and all decisions of the Committee will be final.

What We Do?

The RMOD has the responsibility and powers to:

  • Monitor the adequacy and effectiveness of the Exchange’s regulatory programme and assess the Exchange’s regulatory performance.
  • Meet with the Chief Regulatory Officer (CRO) on a regular basis to review the RMOD’s operational matters.
  • Structure and direct the regulatory functions of the Exchange.
  • Establish regulatory rules of the Exchange.
  • Monitor the compliance with the Exchange’s rules by market participants and listed companies.
  • Monitor member dealers trading activities, investigation of trading activities and enforcement of the Exchange’s Rules.

 

RMOD Structure

Regulatory and Market Oversight Committee

Mr. Livingstone Morrison – Chairman Livingstone Morrison is the Deputy Governor of the Bank of Jamaica with responsibility for Finance and Technology, Payment Systems, Investment and Risk Management. Mr. Morrison joined the staff of the Bank of Jamaica in 1982 and worked for several years in the Financial Institutions Supervisory Division. Between 1998 and 2002, Mr. Morrison served as the Division Chief of the Finance and Technology Division, with core responsibilities for strategic management of the accounting, finance, and information and communication technology functions of the Bank.

Miss Dian Black Dian Black is the Director of Securities Management (Debt Management Unit) in the Ministry of Finance & Planning. In this capacity she has responsibility for all activities related to the registrar and payments functions for government securities and provides the necessary interface between the JSE and the Government.

Mrs. Jane George Mrs. Jane George qualified as a Solicitor of the Supreme Court of England and Wales in 1989 and practised as a solicitor in the City of London before coming to live in Jamaica in 1996. She joined Dunn, Cox, Orrett and Ashenheim (now DunnCox) in 1996, leaving in 2001 to take up the post of Corporate Attorney-at-Law for Lascelles, deMercado & Co. Ltd, a company listed on the Jamaica Stock Exchange, and its group of companies, one of Jamaica’s largest and oldest established conglomerates. She became Company Secretary to Lascelles, deMercado & Co. Ltd in 2005.

Mr. Garth Kiddoe Garth Kiddoe is a Fellow of the Institute of Chartered Accountants of Jamaica and former Dean of the Faculty of Business and Management at the University of Technology. Mr. Kiddoe is also the Chairman of the Audit and Finance Committee of the Board of the JSE.

Mrs. Janet Morrison Janet Morrison was called to the Jamaican Bar in 1978 and has been a partner at DunnCox since 1995. Her practice is primarily in the areas of Corporate and Commercial Law. Janet is also the Chairman of the Justice Reform Committee of the Private Sector Organization of Jamaica and is a member of the board of the Jamaica Stock Exchange. She is listed in IFLR 1000 as one of the world’s leading lawyers.

Janet is also chairman of the Justice Reform Committee of the Private Sector Organization of Jamaica and is a member of the board of the Jamaica Stock Exchange, and Jamaica Institute of Arbitrators Limited, a charitable organization. Janet became a member of the Chartered Institute of Arbitrators in 2011.

 

RMOD Resource Team

Mr. Wentworth F. Graham 

Mr. Graham joined the Jamaica Stock Exchange (JSE) in 1995 and became the Chief Regulatory Officer on April 1, 2008, after serving as Assistant General Manager, Market Operations & Trading for over 4 years.  

Mr. Graham holds a Master of Business Administration (M.B.A.) in Banking and Finance from the U.W.I., Mona, is a Fellow of the Jamaica Institute of Management with a Bachelor’s degree in Economics and History and is also a professional Member of the International Compliance Association with an International Diploma in Compliance. Mr. Graham has graduate training in Rural Development, as well as, international training in the areas of Market Regulations, Governance, Compliance and Mediation and is also a trained and certified Mediator.  

As Chief Regulatory Officer (CRO), Mr. Graham’s mandate is to ensure that the regulatory and compliance related interests of the JSE in respect to Member Dealers, Listed Companies and other stakeholders, complies with the rules and regulations of the Exchange. Mr. Graham does not hold any Shares in the Company and is not eligible to subscribe for the Staff Reserved Shares, given his position and mandate at the JSE.    

Mr. Graham also provides mentor-ship to adolescents for Youth Opportunities Unlimited Jamaica (YOU), helping Jamaican youths to outfit themselves with skills necessary to develop self-confidence and achieve success, after post-primary education.  

Mr. Andrae Tulloch 

Mr. Andrae Tulloch joined the Jamaica Stock Exchange (JSE) in 2008 in the position of Regulatory Officer and in 2010 assumed the role of Deputy Chief Regulatory Officer, Regulation.

As Deputy Chief Regulatory Officer, Mr. Tulloch provides support to the Chief Regulatory Officer in ensuring that the JSE’s regulatory and compliance interests are conducted in accordance with the rules of the JSE.

Mr. Tulloch has a Bachelor of Business Administration with a major in finance and is an ACCA candidate. Mr. Tulloch has nine years experience in the financial sector, as well as, with the Ministry of Justice as an accountant assisting in the investigation and administration of companies in liquidation and bankrupt estates.

View Rules and Regulations