Regulatory Alerts2025-11-05
Banks and Trust Companies (Private Trust Companies and Qualified Executive Entities) Regulations 2025
The Central Bank of The Bahamas issued these 2025 Regulations to establish a statutory exemption framework for Private Trust Companies and Qualified Executive Entities under the Banks and Trust Companies Regulation Act 2020. The Rules mandate that eligible entities obtain certification from a Bahamian Registered Representative, maintain a minimum five thousand dollar capital base, appoint at least one Special Director or Officer, and adhere to strict reporting, record-keeping, and due diligence obligations. By standardizing registration procedures, annual certification submissions, and structural compliance requirements, the Regulations streamline regulatory oversight while replacing prior statutory instruments effective from September 2025.