Regulatory Alerts2026-08-07
Added
Securities Commission of The Bahamas Approach to Examinations
The Securities Commission of The Bahamas establishes a risk-based examination framework for supervised entities, including licensees under the Securities Industry Act, Investment Funds Act, Financial and Corporate Service Providers Act, and Digital Assets and Registered Exchanges Act. Routine examinations require approximately 30 days' notice, while for-cause examinations may proceed with shortened or no notice. The document mandates specific remediation timelines based on finding severity: High severity findings require a containment plan within 30 days and full remediation within 90 days, Medium findings within 180 days, and Low findings within 360 days. The Commission may recover inspection costs from entities and retains the authority to impose financial penalties or escalate matters to enforcement regardless of remediation completion.