Legislative Developments – December 2018

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

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.

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.

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

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.

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

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.

The Bahamas government is allocating resources to facilitate the transformation of the financial services sector.

Q&A On The EU Listing Of The Bahamas