SIA Bill 2011
Commission Structure

Our Vision

A vibrant, competitive financial services sector that has sound regulatory practices and policies that promote confidence.

Our Purpose

To contribute to the growth and development of a financial services sector that is vibrant and competitive.

Membership

The Securities Industry Act, 1999 requires that the membership of the Commission consist of a Chairman, a Deputy Chairman, and other Members not to exceed 7, all of whom are appointed at the discretion of the Minister of Finance. The Chairman holds office for a period of 5 years. The Deputy Chairman and other Commission members hold their offices for a period not to exceed 4 years. All Commission Members including the Chairman are eligible for reappointment

There are 3 ex-officio Members of the Commission, the Executive Director of the Commission, the Governor of the Central Bank of The Bahamas and the Superintendent of the Insurance Commission of The Bahamas. Other Members are chosen to serve on the Board based on their experience and expertise in the disciplines of commerce, law, finance, economics and administration.


Role of the Board

Members of the Commission have the responsibility for the overall direction and governance of the organisation. The duties of the Board include overseeing the strategic focus, approving licensees/registrants to operate in the capital, securities and investment funds markets of The Bahamas, as well as establishing rules and guidelines to govern these markets.

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