Legislative Developments – December 2018

In Paris today, the Organisation for Economic Cooperation and Development (OECD) announced that the governments of its member countries have approved a revised version of its Principles of Corporate Governance.

The first step to is ascertain if the company is a commercial entity. Under CESRA s.2, a commercial entity is any company that is incorporated

This Explanatory Note is not intended to provide a technical legal analysis of the provisions of the Investment Fund Act, 2003.

There have been tremendous efforts made to address all concerns of the CFATF and the FATF Regarding The Bahamas' Anti Money laundering.

On March 23, 2026, The Bahamas enacted the Usufruct Interest Act, 2026 (Act No. 9 of 2026), establishing the first comprehensive statutory framework for usufructs in the jurisdiction.

US Treasury Secretary John Snow hosted G7 Ministers and Central Bank Governors at a joint meeting today in Washington, D.C. The April 23-24 meeting of the ministers and governors coincides with the spring meeting of the International Monetary Fund and the World Bank, taking place April 23-25.

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 primary objective of the ICON Act is to facilitate the formation of an investment condominium in the Bahamas between participants.

The Bahamas introduces usufruct interests as an innovative structuring tool for wealth management and estate planning. This new legal mechanism offers unique opportunities for asset protection and succession planning within the jurisdiction's robust financial services framework. Discover how this development enhances The Bahamas' position as a premier international financial center.