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UTC Chairman calls on government to modernise the Unit Trust Act by joel.julien@guardian.co.tt It is time to mod­ernise the Unit Trust Act, chair­man of the Unit Trust Cor­po­ra­tion Prof Ger­ry Brooks has said. Brooks made the state­ment as the UTC held its vir­tu­al An­nu­al Gen­er­al Meet­ing yes­ter­day. “Four decades have elapsed since the orig­i­nal Unit Cor­po­ra­tion Act (UTC) was en­act­ed in 1982, when the mu­tu­al fund in­dus­try was in its nascent stages and the UTC was the on­ly play­er. Since then, fi­nan­cial mar­kets have un­der­gone pro­fo...