The Securities Commission of the Bahamas (SCB), formerly the Securities Board of the Bahamas,[1] is an agency responsible for regulating investment funds, securities, and capital markets in the Bahamas.[2] Among other responsibilities, it enforces the Financial and Corporate Service Providers Act, the Digital Assets and Registered Exchanges (DARE) Act, and the Carbon Credits Trading Act.[2] Its members are appointed by the Minister of Finance.[3]

SCB was established in 1995 by the Securities Board Act,[2][4] but its mandate is now provided for by the 2011 Securities Industry Act.[4] Its offices are at Poinciana House on East Bay Street, Nassau.[3]

Its executive director is Christina Rolle, who has served in this role since January 26, 2015.[2][5][6][4] She was preceded by Hillary H. Deveaux, who served as interim executive director from September 11, 2013, until 2015.[4][7]

The commission's chairs have included Timothy Donaldson[8] and Tonya Bastian Galanis.[4]

As of 2015, SCB oversaw more than 1,000 firms.[6] That year, the commission accepted a two-year position as chair of the Caribbean Group of Securities Regulators.[6]

See also

References

  1. ↑ "New Permanent Representative of Bahamas Presents Credentials | UN Press". press.un.org. Retrieved 17 November 2022.
  2. 1 2 3 4 "Securities Commission Announces Inaugural Fintech Festival – D3 Bahamas". www.businesswire.com. 20 October 2022. Retrieved 17 November 2022.
  3. 1 2 "Securities Commission announces appointment of new board". Eye Witness News. 1 September 2022. Retrieved 17 November 2022.
  4. 1 2 3 4 5 "Securities Commission of The Bahamas announces new executive team". www.bahamaslocal.com. Retrieved 17 November 2022.
  5. ↑ Robards, Chester (16 August 2022). "Securities Commission learning important lessons from 'crypto winter' - The Nassau Guardian". thenassauguardian.com. Retrieved 17 November 2022.
  6. 1 2 3 "Securities Commission of The Bahamas Celebrates 20 Years". www.thebahamasweekly.com. Retrieved 17 November 2022.
  7. ↑ "Securities Commission of The Bahamas announces new executive team". The Nassau Guardian. Archived from the original on 2015-07-03.
  8. ↑ "79-y-o Bahamian patriot passes on". jamaica-gleaner.com. 6 March 2013. Retrieved 17 November 2022.
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