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Financial services bolstered by new legislation

A total of 14 bills have been passed by the upper and lower houses of Parliament to enhance the legislative environment for financial services. See the full list here. 

Source:
Date:
Updated:
TheBahamasInvestor.com
Tuesday, December 13, 2011
Tuesday, December 13, 2011

Fourteen financial services related bills have now passed the upper and lower houses of Parliament. They now require assent by the Governor General.


The list of the bills are set out below:

  • Executive Entities Bill , 2011
  • Trustee (Amendment) Bill, 2011
  • Purpose Trusts (Amendment) Bill, 2011 (2 parts)
  • Rule Against Perpetuities (Abolition) Bill, 2011
  • Companies (Winding Up Amendment) Bill, 2011
  • Segregated Accounts Companies (Amendment) Bill, 2011
  • Exempted Limited Partnership (Amendment Bill, 2011
  • Foundations (Amendment) Bill, 2011
  • International Business Companies (Amendment) Bill, 2011
  • Partnership Limited Liability (Amendment) Bill, 2011
  • Investment Funds (Amendment) Bill, 2011
  • The Bahamas and The United States of America Information Exchange Agreement (Amendment) Bill, 2011
  • International Business Companies (Winding Up Amendment) Bill, 2011

Funds provided by Inter-American Development Bank (IDB) and the Global Environment Fund (GEF) have played an important role in the progression of the Bahamas' National Energy Policy, according to Minister of State for the Environment Phenton Neymour.

DigitalRoute today announced that MediationZone from DigitalRoute has been selected by BTC, the Bahamas telecommunications company, to support their ongoing 4G and NGN projects, according to PR Newswire.

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