Investment Funds (Prescribed Jurisdictions) Rules, 2020

INVESTMENT FUNDS (PRESCRIBED
JURISDICTIONS) RULES, 2020
Arrangement of Order
Order

1. Citation .......................................................................................................2
2. Interpretation ..............................................................................................2
3. List of Jurisdictions....................................................................................2
4. Repeal of S.I. 7 of 2004..............................................................................2
   FIRST SCHEDULE..............................................................................................3
   SECOND SCHEDULE.........................................................................................4
   THIRD SCHEDULE ............................................................................................5

The Securities Commission of The Bahamas, in exercise of the powers conferred by section 160 of the Investment Funds Act, 2019 (No. 2 of 2019), makes the following Rules –

1. Citation.
   These Rules may be cited as the Investment Funds (Prescribed Jurisdictions) Rules, 2020.
2. Interpretation.
   In these Rules –
   “Act” means the Investment Funds Act, 2019 (No. 2 of 2019); “the Regulations” means the Investment Funds Regulations, 2019.
3. List of Jurisdictions
   (1) Subject to any amendments made by the Commission, the countries and territories listed in the First, Second and Third Schedules are hereby the prescribed jurisdictions for the purposes of the Act and the Regulations. (2) For the purposes of - (a) section 26(l )(a)(ii) of the Act, the First Schedule shall apply; (b) section 35(2)(c) of the Act, the Second Schedule shall apply; and (c) sections 68(2A) and 91(2)(c) of the Act, and regulations 2, 39(b)(i) and 40(2)(a) of the Regulations, 2019, the Third
   Schedule shall apply.
4. Repeal of S.I. 7 of 2004.
   The Investment Funds (Prescribed Securities Exchanges and Jurisdictions) Notice, 2004, is hereby repealed. S.I. No. 45 of 2020 INVESTMENT FUNDS ACT, 2019 (NO. 2 OF 2019) INVESTMENT FUNDS (PRESCRIBED JURISDICTIONS) RULES, 2020
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FIRST SCHEDULE
(Rule 3)
Abu Dhabi Jersey
Argentina Latvia
Australia Liechtenstein
Austria Lithuania
Belgium Luxembourg
Bermuda Malta
Brazil Mexico
British Virgin Islands New Zealand
Bulgaria Norway
Canada Poland
Cayman Islands Portugal
Cyprus Romania
Czech Republic Singapore
Denmark Slovak Republic
Dubai Spain
Estonia Sweden
Finland Switzerland
France Taiwan
Germany The Netherlands
Gibraltar The United Kingdom
Greece The United States
Guernsey Uruguay
Hong Kong
Hungary
Iceland
Ireland
Isle of Man
Italy
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SECOND SCHEDULE
(Rule 3)
Abu Dhabi Liechtenstein
Australia Luxembourg
Austria Malta
Belgium Mexico
Bermuda New Zealand
Brazil Norway
British Virgin Islands Portugal
Canada Singapore
Cayman Islands Spain
Cyprus Sweden
Dubai Switzerland
France The Netherlands
Germany The United Kingdom
Gibraltar The United States
Greece
Guernsey
Hong Kong
Hungary
Iceland
Ireland
Isle of Man
Italy
Jersey
Latvia

Signed
ROBERT LOTMORE
Chairman Securities Commission
Made this 16th day of April, 2020
THIRD SCHEDULE
(Rule 3)
All countries and territories listed as signatories in Appendix A of the International Organization of Securities Commission’s Multilateral Memorandum of Understanding Concerning Consultation and Cooperation and the Exchange of Information, shall be the prescribed jurisdictions for the purpose of Rule 3(2)(c).
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