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Securities Commission website gets overhaul

The Securities Commission of The Bahamas recently announced an entire overhaul of its website. The new-look site is in-line with the commission's goals for 2011 and introduces new sections and services. 

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TheBahamasInvestor.com
Thursday, August 18, 2011
Thursday, August 18, 2011

The Securities Commission of The Bahamas recently announced the launch of its redesigned website, www.scb.gov.bs.

The website overhaul is in-line with the commission’s 2011 priorities statement to improve the efficiency of the organization.

The site provides vital information for investors and wealth managers on a range of topics including:


Legislative Framework: this section includes downloadable versions of the applicable acts, regulations, rules, guidelines, and guidance notes

Media: this section has been re-organized to include press releases, public notices, speeches given by commission representatives, events held or attended by the commission, and other relevant information

Investors: this section provides a one-stop-shop for investors seeking to confirm regulated entities and wanting to review a library of communication tools released by the commission.

The revamp includes new categories such as:

Licensing and Registrants: which provides information needed by individuals and entities to become licensed or registered by the commission, along with the requirements to remain in good standing once licensed/registered

Enforcement: this section highlights the disciplinary decisions, settlements, and supervisory action taken by the commission under its enforcement powers.

Other highlights of the website include an e-complaints feature, which facilitates the submission of complaints to the commission by all industry participants and the general public, and an e-news feature, which allows persons to subscribe to an e-mail mailing list to receive information in real time.

scotterill@dupuch.com

On the back of OECD directives, The Bahamas government has continued to pursue tax information exchange agreements (TIEAs) with other jurisdictions. Most recent signings include ones with the Republic of Korea, Aruba and Guernsey.

The Family Island's economy has been bolstered by the second-home market, but still needs investment in infrastructure, according to Chamber of Commerce president. Tourism and real estate offer keys to further growth of the island.

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