Regulatory Alerts2019-06-26
Revised Private Trust Companies (Amendment) Regulations 2012
The Governor of the Central Bank of The Bahamas issued these 2012 amendment regulations to update compliance and supervisory requirements for private trust companies. The amendments establish a five-thousand-dollar minimum capital threshold, mandate that registered representatives notify the Inspector of status or address changes within seven days, and require prompt submission of requested documentation. By repealing obsolete provisions and correcting cross-references, the regulations streamline regulatory oversight while enhancing transparency for private trust company operations.
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