Regulatory Alerts2022-12-29
Added · Updated
Securities Industry Act, 2011
The Securities Industry Act, 2011 establishes a comprehensive regulatory framework for the securities industry in The Bahamas, repealing the previous Securities Industry Act, Chapter 363. It expands the powers of the Securities Commission, mandates the registration of persons carrying on securities business and marketplaces, and imposes continuing obligations on public issuers regarding disclosure and governance. The Act defines misconduct such as market manipulation and insider trading, creates a compensation fund, and outlines enforcement mechanisms including administrative penalties and civil liability for misrepresentations.
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