Regulatory Alerts2020-04-21
Added · Updated
Investment Funds (Prescribed Jurisdictions) Rules, 2020
The Securities Commission of The Bahamas designates the countries and territories listed in the First, Second, and Third Schedules as prescribed jurisdictions under the Investment Funds Act, 2019. The First Schedule applies to section 26(1)(a)(ii) of the Act, the Second Schedule applies to section 35(2)(c), and the Third Schedule applies to sections 68(2A) and 91(2)(c) of the Act and specific regulations of the 2019 Regulations. The Third Schedule specifically includes all signatories of the IOSC Multilateral Memorandum of Understanding. These rules repeal the Investment Funds (Prescribed Securities Exchanges and Jurisdictions) Notice, 2004.
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