Regulatory Alerts2024-05-17
Added · Updated
Securities Industry Bill, 2024
The Securities Industry Bill, 2024 establishes a comprehensive regulatory framework for The Bahamas capital markets, continuing the Securities Commission and defining its powers, functions, and financial provisions. It mandates registration for marketplaces, clearing facilities, and persons carrying on capital markets business, while imposing strict conduct rules, disclosure obligations, and prohibitions on market manipulation and insider trading. The legislation grants the Commission broad enforcement powers, including the authority to conduct inspections, impose administrative penalties, and issue compliance directions to regulated entities and public issuers.
Topics
Share