The Competent Authority today issued a Notice on compliance with section 7 of the Commercial Entities (Substance Requirements) Act, 2018 (“CESRA”) as a consequence of COVID 19 related travel and/or other restrictions. PUBLIC NOTICE – Notice on Direction and Management (PDF)
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BFSB To Host Annual International Business & Finance Summit (IBFS)
BFSB will host its 2018 International Business and Finance Summit (IBFS) under the theme “Hitting the Reset Button” here in Nassau on Friday March 2nd at The Baha Mar Resort. This event will give industry stakeholders as well as the general public the opportunity to gain insights into the initiatives impacting the financial services sector … Read More
BFSB Hosts Fintech 101 Seminar
On January 24, 2018 The Bahamas Financial Services Board (BFSB) and ALIV partnered to host a financial technology (FINTECH) seminar at The British Colonial Hilton. The event was well attended with over 170 persons representing over fifty member firms. In November 2017, BFSB created a FINTECH Working Group to explore the opportunities for the financial … Read More
S&P Affirms Bahamas Outlook is Stable
Standard & Poor’s recently published a report on the Commonwealth of the Bahamas affirming its ‘BB+/B’ Ratings and deeming the country’s outlook as stable. RATINGS Foreign Currency: BB+/Stable/B — Local Currency: BB+/Stable/B OVERVIEW • Bahamian political institutions strongly responded to societal priorities in the 2017 election. • We expect the new administration’s solid mandate to … Read More
Bahamas Signs Multilateral Convention for Mutual Assistance in Tax Matters
With respect to the announcement that The Bahamas has formally acceded to The Multilateral Convention on the Mutual Administrative Assistance in Tax Matters (“The Multilateral Convention”), Th Bahamas Financial Services Board (BFSB) and Association of International Bank & Trust Companies (AIBT) acknowledge that arriving at this point has required much collaboration between the government and … Read More
BFSB hosts Timely Seminar on The Common Reporting Standard
The Bahamas Financial Services Board hosted a very timely seminar to assist financial institu-tions with meeting their obligations under The Common Reporting Standard (CRS). The seminar was held on Tuesday December 12, 2017 and was facilitated by Paul Davis, Partner of Higgs & Johnson law firm and Deputy Chairman of The Bahamas Financial Services Board. … Read More