Law Reform and Revision Committee Briefs Financial Services on Investment Funds Act Overhaul

Minister of Financial Services and Local Government the Hon. C.V. Hope Strachan was paid a courtesy call July 8, 2016 by the Law Reform and Revision Committee that was commissioned by the Attorney General to brief the Minister on the plan to launch an overhaul of the Investment Funds Act.

During the Financial Services Advisory Council (FSAC) Review of 2012, several deficiencies were noted and the overhaul will address the deficiencies that had been noted.  The benchmarking exercise will focus on the following jurisdictions:  Cayman, Luxembourg, Ireland and the United Kingdom.

The Committee will work with the Securities Commission of The Bahamas to produce a draft.

Margaret Gonsalves-Sabola has been retained by the Securities Commission of The Bahamas as the drafting consultant, and Graham, Thompson & Co. has been retained as the technical consultant.  Minister Strachan welcomed the commission and the focus being brought to bear on the amendments.

You may also be interested in reading...

Food Assistance Prepaid Cards reach Cat Island

May 2, 2017

On Monday, 24th April, 2017 representatives of the Department of Social Services of the Ministry of Social Services and Community Development visited Cat Island to distribute visa pre-paid cards to

READ MORE

PM Christie Remarks at Carnival Cruise Lines Heads of Agreement Signing

May 2, 2017

We have gathered here today for the signing of an historic Agreement with Carnival Cruise Lines for the establishment of a cruise port and destination in Eastern Grand Bahama. In

READ MORE

UB holds Charter Celebration Ceremony in Grand Bahama

May 1, 2017

Minister for Grand Bahama, Dr. the Hon. Michael Darville, congratulated the government and staff of the University of The Bahamas Northern Campus during their Charter Celebration Ceremony and Plaque Unveiling

READ MORE

Support Stronger Bahamas on your website!

GET our SNIPPET

Thank you

for supporting

Stronger Bahamas.

To add our Stronger Bahamas banner to your website, please have your site's administrator copy the code snippet below and paste it into the appropriate area of your site.

Share your voice!