Securities Industry Application Guidelines

On Friday, the Securities Commission of The Bahamas (SCB), the regulatory agency responsible for authorising persons to operate in the investment funds and securities markets, issued Guidelines for the staledating of applications. According to a news release from the Public Relations Coordinator, the SCB had fomalised a Staledating Policy at the end of last month.

Any person wishing to carry on investment fund or securities business is required to make application to the SCB for the appropriate licence. This latest policy initiative on the part of the SCB clearly delineates parameters for the consideration of applications, and is intended to address particular situations that resulted in delays in the approval process.