The Bahamas Financial Services Board last week hosted an industry consultation for the latest financial services sector product soon to be rolled out. CEO Aliya Allen in introductory remarks spoke to the collaborative work done by a wide assembly of industry partners in preparing the fund structuring vehicle known as the Investment Condominium (or ICON) to this stage of final consultation prior to its submission to Cabinet and ultimately to Parliament. These partners, she said, included the Ministry of Financial Services, the Association of International Banks & Trust Companies, the Office of the Attorney General and the Securities Commission of the Bahamas; all of these were an integral part of the private-sector led Working Group that conceived, developed and drafted legislation for the ICON.
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