Regulatory Alerts2013-09-17
Added · Updated
Guidelines for Fast Track Application Process for Licensing under the Investment Funds Act, 2003
The Securities Commission of The Bahamas establishes a fast track licensing procedure for Professional Funds and SMART Funds offered to professional investors, excluding self-administered funds. Applicants must submit complete applications with specific forms, offering documents, constitutive documents, and due diligence information, accompanied by a non-refundable fee. The Commission determines complete applications within seventy-two hours of receipt and conducts post-licensing reviews to verify compliance with applicable laws and regulations.
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