Legislative Developments – December 2018

January 25, 2019By @BahamasFSBIndustry News, Latest

ADDRESS BY HON KEVIN PETER TURNQUEST (28 NOVBEMBER 2018) BUSINESS LICENCE AMENDMENT BILL 2018 COMMERCIAL ENTITIES (SUBSTANCE REQUIREMENTS) BILL 2018 Movement for Commercial Entities – 10 December, 2018 Movement for ROBO NON-PROFIT ORGANISATIONS BILL 2018 PENAL CODE (AMENDMENT) BILL 2018 REGISTER OF BENEFICIAL OWNERSHIP BILL 2018 REMOVAL OF PREFERENTIAL EXEMPTIONS BILL 2018

EU Related Legislation

January 4, 2019By @BahamasFSBIndustry News, Legislation

REGISTER OF BENEFICIAL OWNERSHIP ACT, 31 DECEMBER 2018 GAZETTE (PDF) COMMERCIAL ENTITIES (SUBSTANCE REQUIREMENTS ACT), 21 DECEMBER 2018 GAZETTE (PDF) REMOVAL OF PREFERENTIAL EXEMPTIONS ACT, 21 DECEMBER 2018 GAZETTE (PDF)

Statement from the Hon. K. Peter Turnquest, Deputy Prime Minister and Minister of Finance Regarding Financial Sector Reform

January 3, 2019By @BahamasFSBBFSB News, Industry News, Latest

In an effort to enhance the Financial Services Sector, the Government of The Bahamas is developing a new framework aimed at strengthening industry regulations and protecting revenues to the Public Treasury. By demonstrating our commitment to global standards, we are working to maintain The Bahamas’ competitive edge as a global leader in the financial services … Read More

BFSB & Minister Symonette Visits Swiss Financial Institutions with a Presence in The Bahamas and Hosts Bahamas Forum in London

December 6, 2018By @BahamasFSBBFSB News, Events, Government, Industry News, Members in the News

Hon. Brent Symonette, Minister of Financial Services, Immigration, Trade and Industry recently  along with Tanya McCartney, CEO and Executive Director of The Bahamas Financial Services Board , Mr. Michael Paton, Deputy Chairman of the Securities Commission of the Bahamas and past Chairman of BFSB, Mr. Ivan Hooper , Co-Chairman of The Association of International Banks … Read More

The Bahamas Securities Industry Reforms Near Completion

November 22, 2018By @BahamasFSBBFSB News, Industry News, Securities Industry

By: Christina Rolle, Executive Director, Securities Commission Of The Bahamas A complete overhaul of legislation governing The Bahamas’ investment funds industry is nearing completion, announced Christina Rolle, executive director of the Securities Commission of the Bahamas (SCB) at the annual briefing for the Bahamian securities and investment funds industries earlier this month. The overhaul includes … Read More