E-COMMERCE DEVELOPMENTS
..Bahamas forging ahead with legislative developments
Earlier in the year, BFSB presented to the Bahamas Government an E-Commerce Position Paper, detailing a strategy for The Bahamas to become a global leader as an electronic commerce and communications hub, including the development of enabling legislation. It also served on the Ministry of Finance’s National Steering Committee on E-Commerce, which led to the drafting of an action plan submitted to the Cabinet.
The BFSB Working Group on E-Commerce now has been presented with the drafts for proposed legislation, as follows:
–Computer Misuse Act, 2000
–Electronic Communications Act, 2000
–Data Protection (Privacy of Information) Act 2000
The Working Group will be submitting industry input to the Ministry of Finance once review of the draft legislation is completed.