Regulatory Alerts2019-06-26
Guidance Notice on Restricted Bank Licences
The Central Bank of The Bahamas formalizes its policy to discontinue granting new restricted bank licences, aligning with the strict statutory definition of a bank that accepts public deposits. Since ceasing this practice in 2012, the regulator has grandfathered existing holders, with only one active licence remaining in the system. This discontinuance framework explicitly excludes restricted trust licences, which remain subject to separate regulatory authorizations.
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