Fund Managers - Securities Commission of The Bahamas

Fees

For the promulgated fees in effect, please refer to the Investment Funds (Fees) Rules, 2020.

Application and Annual Renewal Fees for Investment Funds licensed or registered under the Investment Funds Act

Category Application Fee Per Fund Initial Registration Fee Per Fund Annual Renewal Fee Per Fund
Investment Fund Manager not registered under the SIA, IFA or in a prescribed jurisdiction $250.00 $375.00 $625.00
Investment Fund Manager registered under SIA or in a prescribed jurisdiction $250.00 No Fee No Fee
Alternative Investment Fund Manager $250.00 $375.00 $625.00

Schedule of pro-rated annual fees
Please note that conversion charges will apply for fees remitted via wire transfer (USD).

Applications

Pursuant to section 26 of the Investment Funds (Amendment) (No.2) Act, 2020, a person acting as an investment manager shall apply to be registered under the Act. To apply for registration as an investment manager, an applicant must submit a completed Third Schedule Form B (Investment Fund Manager’s Registration), together with the information and documents specified.

Ongoing Reporting Obligations and Forms
INVESTMENT FUND MANAGER
OBLIGATION TIMELINE LEGISLATIVE REFERENCE
RENEWAL OF LICENCE
Fees Payment Annually – by January 31 Section 43
Annual Declaration File Annually Section 43 (1)(a)
Form C, Schedule 9
FINANCIAL REPORTING
Capital Requirement Ongoing Section 63(2)(b)
MATERIAL CHANGE REPORTING
Ongoing statutory reporting Within 5 days of change Section 111
Winding up or closure Within 30 days after commencement Section 49
Reporting information or information to investors Within 21 days of occurrence Section 112
Delegation of functions Before delegation takes place Section 65
Winding Up, Dissolution Or Termination Within 30 days before such commencement Section 49
ALTERNATIVE INVESTMENT FUND MANAGER
OBLIGATION TIMELINE LEGISLATIVE REFERENCE
RENEWAL OF LICENCE
Fees Payment Annually – by January 31 Section 43
Annual Declaration File Annually Section 43 (1)(a)
FINANCIAL REPORTING
Capital Requirement Ongoing Section 63(2)(b)
MATERIAL CHANGE REPORTING
Ongoing statutory reporting Within 5 days of change Section 111
Winding up or closure Within 30 days after commencement Section 49
Reporting information or information to investors Within 21 days of occurrence Section 112
Delegation of functions Before delegation takes place Section 65
Winding Up, Dissolution Or Termination Within 30 days before such commencement Section 49
Other information
Alerts and Notices