Supervision

The Securities Commission of The Bahamas (“the Commission”) is responsible for the administration of the Securities Industry Act and the Investment Funds Act, pursuant to which it supervises and regulates the activities of investment funds, securities and the capital markets. The Commission, having been appointed the Inspector of Financial and Corporate Services on 1 January 2008, is also responsible for administering the Financial and Corporate Service Providers Act.

Click any of the headings below for applicable fees, forms and ongoing reporting obligations for licensable or registrable activities under each of the Acts.

Securities Industry Act

  • Firms dealing in securities
  • Firms managing securities
  • Firms advising on securities
  • Firms arranging deals in securities
  • Marketplaces
  • Clearing facilities
  • Registrar and transfer agents
  • Chief executive officers of registered firms
  • Compliance officers of registered firms
  • Trading representatives of registered firms
  • Discretionary management representatives of registered firms
  • Advising representatives of registered firms
  • Directors of registered firms
  • Money laundering reporting officers
  • Related parties (inclusive of, but not limited to, security holders, officers, auditors and attorneys)

Investment Funds Act

  • Investment funds
    • Professional fund
    • Standard fund
    • SMART fund
    • Self-Administered fund
  • Investment fund managers
  • Alternative investment fund managers (AIFMs)
  • Investment fund administrators
    • Directors and general partners of a fund
    • Custodians
    • CEO of an investment fund administrator
    • Compliance Officer of and investment fund administrator

Financial Corporate Service Providers Act

  • Persons providing corporate services for international business companies (IBCs) including:
    • Registration, management or administration
    • Acting as registered agent or registered office
    • Provision of directors, officers or nominee shareholders
  • Persons providing corporate services for exempted limited partnerships (ELPs) including:
    • Acting as registered agent or registered office
    • Provision of partners
  • Persons providing corporate services for private trust companies (PTCs) including:
    • Acting as registered agent or registered office*
    • Registered representatives*
  • Persons providing corporate services for investment condominiums (ICONS):
    • Governor administrator
  • Persons providing corporate services for executive entities:
    • Acting as a registered agent
  • Persons providing corporate services for purpose trusts:
    • Acting as a registered trustee
  • Persons providing corporate services for segregated accounts company:
    • Registered representatives
  • Persons providing corporate services for foundations:
    • Acting as a registered agent
  • Persons providing financial services including:
    • Money lending
    • Financial leasing
    • Money brokering
    • Payday and cash advance
    • Credit extension
    • Mortgage lending
    • Escrow
    • Financial advisory
    • Financial intermediator
    • Bill paying
  • Money laundering reporting officers

Related parties (inclusive of, but not limited to, security holders, officers, auditors and attorneys)