The Securities Commission of the Bahamas (�the Commission�) is a statutory body mandated to administer the Securities Industry Act, 1999; Securities Industry Regulations, 2000; the Investment Funds Act, 2003 and the Investment Funds Regulations, 2003.

The Securities Industry Act, 1999, provides the Commission with specific powers to regulate the securities market. Issuers making offering to the public of shares, bonds and most other financial instruments are required to file a prospectus with the Commission.

Additionally, all industry participants, including stock exchanges, brokers, and broker-dealers and securities investment advisors, operating in or from the Bahamas are required to register with or be licensed by the Commission.

Equally, the Investment Funds Act, 2003, empowers the Commission to regulate investment funds and to license investment fund administrators that operate within or from The Bahamas.