Draft Securities Industry (Fees) Rules, 2026

FOR CONSULTATION: Securities Commission of The Bahamas Draft Digital Assets and Registered Exchanges (Anti-Money Laundering, Countering Financing of Terrorism and Countering Financing of Proliferation) (Amendment) Rules, 2026 PUBLIC CONSULTATION DRAFT SECURITIES INDUSTRY (FEES) RULES, 2026 CONSULTATION PERIOD:
FRIDAY 28 AUGUST 2026 - FRIDAY 25 SEPTEMBER 2026

FOR CONSULTATION: Securities Commission of The Bahamas Draft Securities Industry (Fees) Rules, 2026 SECURITIES INDUSTRY ACT, 2024 (NO. 39 OF 2024) SECURITIES INDUSTRY (FEES) RULES, 2026 The Securities Commission of The Bahamas (“the Commission”), in its capacity as the regulator of capital markets businesses, has issued the Securities Industry (Fees) Rules, 2026 (“the Rules”) for public consultation. The draft Rules can be found on the Commission's website at: scb.gov.bs/legislative￾framework/consultation-documents/. Summary/Purpose The draft Rules prescribes the fee requirements for regulated persons carrying on capital markets business, including Contracts for Differences (“CFDs”) in or from The Bahamas and would replace the Securities Industry (Fees) Rules, 2024 (No. 39 of 2024). These Rules increase certain fees applicable to capital markets businesses registered under the Securities Industry Act, 2024. Scope These Rules would apply to persons regulated under the Securities Industry Act, 2024. Consultation period Commences: Friday 28 August 2026 Ends: Friday 25 September 2026 Reply to:
Please submit any comments to SIAconsultation@scb.gov.bs.
Or alternatively, to:
Executive Director
Securities Commission of The Bahamas
Poinciana House North Building
2nd Floor, 31A East Bay Street
P.O. Box N-8347
Nassau, The Bahamas
Tel: (242) 397-4100
Email: info@scb.gov.bs

FOR CONSULTATION: Securities Commission of The Bahamas Draft Securities Industry (Fees) Rules, 2026 CONSULTATION DRAFT — v1.0 — NOT YET IN FORCE SECURITIES INDUSTRY (FEES) RULES, 2026 Arrangement of Rules Rule

1. Citation and commencement.
2. Fees.
3. Exemption for contract for differences activity.
4. Revocation of S.I. No. 107 of 2024.
   SCHEDULE

FOR CONSULTATION: Securities Commission of The Bahamas Draft Securities Industry (Fees) Rules, 2026 SECURITIES INDUSTRY ACT, 2024 (NO. 39 OF 2024) SECURITIES INDUSTRY (FEES) RULES, 2026 The Securities Commission of The Bahamas, in exercise of the powers conferred by section 31 of the Securities Industry Act, 2024 (No. 39 of 2024), makes the following rules —

1. Citation and commencement.
   (1) These Rules may be cited as the Securities Industry (Fees) Rules, 2026. (2) These Rules shall come into operation on 1 January, 2027.
2. Fees.
   (1) The fees set out in the Schedule shall — (a) apply in relation to the Act unless exempted by the Commission; (b) be paid to the Commission; and (c) not be refundable. (2) All annual renewal fees set out in the Schedule shall be payable on or before the 31st day of January in each year. (3) Annual renewal fees payable on the grant of registration shall be pro-rated from the date of registration to the 31st day of December of that year.
3. Exemption for contract for differences activity.
   A person registered to deal under the Act and desirous of conducting contract for differences (CFD) activity under the Securities Industry (Contract For Differences) Rules, 2020 (S.I. No. 78 of 2020) shall be required to pay the application, registration and annual fees for the contract for differences activity as shown in the Schedule but shall be exempt from the application, registration and annual fees applicable to dealing, arranging deals, managing or advising on capital markets instruments.
4. Revocation of S.I. No. 107 of 2024.
   The Securities Industry (Fees) Rules, 2024 (S.I. No. 107 of 2024) are hereby revoked.

FOR CONSULTATION: Securities Commission of The Bahamas Draft Securities Industry (Fees) Rules, 2026
SCHEDULE
(rules 2 and 3)
A. Fees For Persons Registered Under Part VI Fee Type Category of Registration Application Fee Registration Fee Annual Renewal Fee Marketplace $15,000.00 $21,000.00 $21,000.00 Clearing facility $5,500.00 $15,625.00 $15,625.00 Ancillary facility $3,125.00 $5,500.00 $7,000.00 B. Fees For Persons Registered Under Part VII (Firms) Fee Type Category of Registration Application Fee Registration Fee Annual Renewal Fee (a) Dealing in capital markets instruments $1,500.00 $15,000.00 $16,500.00 (b) Managing capital markets instruments $1,500.00 $12,500.00 $15,000.00 (c) Advising on capital markets instruments $1,500.00 $8,500.00 $11,000.00 (d) Arranging deals in capital markets instruments $1,500.00 $6,250.00 $8,500.00 (e) Registration for more than one category under (a) – (d) above $3,125.00 Full fee for function with the highest fee and $4,000.00 for each additional category Full fee for function with the highest fee and $6,250.00 for each additional category (f) Registration to conduct CFD business $20,000.00 $75,000.00 $75,000.00 (g) Except where exempted or reduced by the Commission, a registered CFD firm shall in addition to paying the annual renewal fee prescribed, pay a quarterly activity fee in accordance with the Commission’s current published policy with respect to activity fees.

FOR CONSULTATION: Securities Commission of The Bahamas Draft Securities Industry (Fees) Rules, 2026
C. Fees For Persons Registered Under Part VII (Individuals)
Fee Type
Category of Registration Application Fee Registration Fee Annual Renewal Fee Chief Executive Officer $750.00 $1,000.00 $1,000.00 Compliance Officer $750.00 $1,000.00 $1,000.00 Money Laundering Reporting Officer $750.00 $1,000.00 $1,000.00 CFD Supervisory Officer $2,500.00 $5,000.00 $7,500.00 Registered representative – dealing/trading $650.00 $900.00 $900.00 Registered representative – discretionary management $650.00 $900.00 $900.00 Registered representative – advising only $650.00 $900.00 $900.00 D. Filing Fees Under Parts XI and XII Description Filing Fee Filing of preliminary prospectus $2,500.00 Filing – prospectus 0.1% of issue value of securities, minimum of $25,000.00 Filing of an amended prospectus $1,000.00 Filing of documents by approved foreign issuer exempted under regulation 115 of the Securities Industry Regulations (Ch. 363) $3,125.00 Filing of notice of exempt transaction $4,000.00 Filing of takeover bid document 0.1% of value of the bid Filing of director’s circular $2,500.00 Filing of management proxy statement $1,000.00

FOR CONSULTATION: Securities Commission of The Bahamas Draft Securities Industry (Fees) Rules, 2026 E. Administrative Fees Description Administrative Fee Appointment or change in directors $800.00 Approval of issue, transfer or disposal of shares $800.00 Letters of good standing $625.00 Replacement certificate $625.00 Name change $625.00 Extension to file interim statements for a 1-month period (for a maximum of 3 extension requests, i.e. one quarter) $875.00 Extension to file audited statements for a 6-month period (for a maximum of 2 extension requests) $1,250.00 Surrender of registration certificate $625.00 Application for exemption or waiver request $625.00