Frequently Asked Questions

What are the key pieces of legislation considered instrumental in enhancing the competitiveness of the financial services industry?

Category: Industry Legislation

Answer:

Financial legislation and amendments continue to produced a boom for the offshore industry. These include:

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(Banking)

  • The Banks Act, 1909
  • The Banks & Trust Companies Regulations Act, 1965
  • The Banks & Trust Companies Regulation (Amendment) Act, 1989
  • The Banks & Trust Companies Regulations Act, 2000
  • The Central Bank Act, 2000

(Companies)

  • The Companies Act, 1986
  • The Companies Act, 1992
  • The Companies (Amendment) Act, 1994
  • The Exempted Limited Partnership Act, 1994
  • The International Business Companies Act, 1989
  • The International Business Companies (Amendment) Act, 1992
  • The International Business Companies (Amendment) Act, 1994
  • The International Business Companies Act, 2000

(Immigration)

  • The Bahamas Nationality Act, 1973

(Insurance)

  • The Insurance Act, 1969
  • The Insurance (Amendment) Act, 1984
  • The External Insurance Act, 1983
  • The External Insurance (Amendment) Act, 1996

(Miscellaneous)

  • The Business License Act, 1980
  • The Business Names Act
  • The Dangerous Drugs Act
  • The Dangerous Drugs (Amendment) Act, 1988
  • The Exchange Control Act, 1952
  • The Exchange Control Regulations Act, 1956
  • The Tracing and Forfeiture of Proceeds of Drug Trafficking Act, 1987

(Money Laundering)

  • Money Laundering (Proceeds of Crime) Act, 1996
  • Money Laundering (Proceeds of Crime) Regulations, 1996
  • Money Laundering (Proceeds of Crime) Amendment, 1999
  • Proceeds of Crime Act, 2000

(Securities Industry)

  • The Mutual Funds Act, 1995
  • The Mutual Funds Regulations Act, 1995
  • The Securities Industries Act, 1999
  • The Securities Industry Regulations, 2000
  • The Investment Funds Act 2003
  • The Investment Funds Regulations 2003

(Real Estate)

  • The International Persons Landholding Act, 1993
  • The Perpetuities Act, 1995
  • The Real Estate (Brokers and Salesmen) Act, 1995
  • The Time Sharing Act, 1984
  • The Bahamas Vacation Plan and Time-Sharing Act 1999

(Shipping)

  • The Bahamas Maritime Authority Act, 1995
  • The Merchant Shipping Act, 1976
  • The Merchant Shipping (Amendment) Act, 1979
  • The Merchant Shipping (Amendment) Act, 1982
  • The Merchant Shipping (Amendment) Act, 1989
  • The Merchant Shipping (Oil Pollution) Act, 1976
  • The Shipping Miscellany (Amendments) Act 1991

(Trusts)

  • The Banks & Trust Companies Regulation Act, 1965
  • The Banks & Trust Companies Regulation (Amendment) Act, 1989
  • The Banks & Trust Companies Regulation Act, 2000
  • The Fraudulent Disposition Act, 1991 Asset Protection Trust)
  • The Trustee Act, 1893
  • The Trustee Act, 1998
  • The Trustees Appointment Act
  • The Variation of Trusts Act
  • The Trusts (Choice of Governing Law) Act, 1989