In light of the action taken by the Securities Commission of The Bahamas and in accordance with the Memorandum & Articles of Association of the Bahamas Financial Services Board ("BFSB"), the membership of Dominion Investments (Nassau) Ltd. has been suspended

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.

The Securities Commission of The Bahamas (SCB) today issued a release concerning the publication of its Guidelines relating to the fast tracking of applications for the licensing of investment funds that <I>"target accredited or sophisticated investors."

The Managed Funds Association (MFA) will host <I>Forum 2004</I> on June 14-16 at The Waldorf-Astoria in New York.

The Segregated Accounts Companies (SAC) Act expands the legislative framework that strengthens The Bahamas' comparative advantage in the securities and capital markets areas.

In Basel yesterday, the Bank for International Settlements (BIS) announced that The Joint Forum had released a report examining trends in outsourcing in the financial sector.

The Bahamas has made significant strides in the investment funds area, particularly in the past few years with the passage of the Investment Funds Act in 2003.

The Securities Commission of the Bahamas (SCB) has issued a notice to its registrants and licensees concerning transitional provisions for investment funds and investment fund administrators existing prior to the promulgation of the new Investment Funds Act.

The Bahamas has an excellent record, dating back to 1987, for robust Anti-Money Laundering arrangements. The Bahamas first criminalized the proceeds of drug trafficking in 1987 with the enactment of the Tracing and Forfeiture of Proceeds of Drug Trafficking Act.

In 2017 The Bahamas enacted the Homeowners Protection Act (HPA). The legislation was touted as "groundbreaking" and was designed to provide "meaningful protection to homeowners by ensuring a true...