A vibrant, competitive financial services sector that has sound regulatory practices and policies that promote confidence.
To contribute to the growth and development of a financial services sector that is vibrant and competitive.
The Securities Commission of The Bahamas (the Commission) is committed to the global effort to combat cross-border Securities Fraud and protect the integrity of capital markets from abuse as a result of financial crime. The Commission is a member of several international regulatory organizations/bodies including CGSR, COSRA, IOSCO and OGCISS. Domestically, the Commission is a member of the GFSR.
The Caribbean Group of Securities Regulators was established to provide a forum for Regional securities regulators to discuss issues facing Caribbean securities and financial markets.
The Council of Securities Regulators of the Americas (COSRA) was formed in 1992 to provide a forum that promoted cooperation and communication amongst its members to develop and grow sound, fair securities markets. Open to securities regulatory authorities in the Americas, The Bahamas was confirmed as a member in 1997.
The International Organisation of Securities Commissions (IOSCO) is the global standard setter for securities and capital markets regulators. The Commission has been an ordinary member of IOSCO since September 1996, and became a signatory to Appendix A of its Multilateral Memorandum of Understanding Concerning Consultation and Cooperation and the Exchange of Information (MMoU) on 27 December 2012.
The Offshore Group of Collective Investment Scheme Supervisors (OGCISS) provides a forum for the exchange of ideas and information among regulators and supervisors of collective investment schemes.
The Group of Financial Services Regulators consists of the financial services regulators in The Bahamas, with the exception of the Gaming Board. The Group includes the Securities Commission of The Bahamas, the Central Bank of The Bahamas, the Insurance Commission of The Bahamas, the Compliance Commission of The Bahamas and the Inspector of Financial and Corporate Services (currently the Commission). The Chairmanship of the Group rotates between the Commission and the Central Bank. The Group released a revised Handbook, “Information Sharing Arrangements in The Bahamas” in July, 2009. The handbook provides an overview of the regulatory information sharing framework in The Bahamas under its financial services legislation.
Part III of the Securities Industry Act, 2011 sets out provisions under which the Commission may provide assistance to domestic and foreign regulatory authorities. The Commission is a signatory to various mutual assistance agreements.
GFSR Information Sharing Handbook