What services can The Bahamas provide to the international mutual fund?

Category: Mutual Funds

Answer:

Mutual fund management, back office accounting, and administration. The Bahamas is a leading centre for the operation of offshore mutual funds. Most funds operated in The Bahamas are of the 'open-ended" kind, which permit the issue of new shares and a redemption of existing shares periodically. Mutual funds operated in The Bahamas can be organised in the form of a limited company, or as trusts. The introduction of IBCs provided an ideal corporate vehicle upon which to build the mutual fund structure and these have taken preference over the company limited by guarantee as the preferred method of incorporating mutual funds. In addition to mutual funds incorporated in The Bahamas, there are others administered here, organised under the laws of other countries.

The Mutual Funds Act and Regulations regulate the industry in The Bahamas through oversight and supervision by the Securities Commission as well as licensed mutual fund administrators.