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The Securities Commission of The Bahamas(SCB)
C

Rating

The Securities Commission of The Bahamas(SCB)
Cayman Islands
Established in 1995
Government Regulation
Website
http://www.cimoney.com.ky
Negative Balance Protection
Supported
Protinvestor Protection
--
Regulatory Membership
10

Regulator Introduction

The Securities Commission of The Bahamas (“the Commission”)(SCB) is a statutory body established in 1995 pursuant to the Securities Board Act, 1995. That Act has since been repealed and replaced by new legislation. The Commission’s mandate is now defined in the Securities Industry Act, 2011 (SIA, 2011). The Commission is responsible for the administration of the SIA, 2011 and the Investment Funds Act, 2003 (the IFA), which provides for the supervision and regulation of the activities of the investment funds, securities and capital markets. The Commission, having been appointed Inspector of Financial and Corporate Services in 1 January 2008, is also responsible for administering the Financial and Corporate Service Providers Act, 2000.
Rating
The Securities Commission of The Bahamas(SCB)
The Securities Commission of The Bahamas(SCB)
Risk Management
C
Institu Tional
Background
B
Regulatory Policy
C
Investment Protection
B
License Value
B
※ Data provided by FXknows Data
  • Institutional Background:

    An analysis of the regulator's statutory responsibilities, organizational structure, experience of the senior team, performance history, international cooperation, transparency, and technical capabilities provides a comprehensive picture of its strength and credibility in the regulation of financial markets.

  • Regulatory Policy

    Examines the policies, structure, leadership, decision-making processes, and internal controls of the regulatory authority to ensure effective regulation and decision-making. As well as the effectiveness of the implementation of these policies in practice to ensure that they are able to effectively supervise the market.

  • License Value

    The threshold of entry for license application and the financial cost to be incurred in applying. It also examines the extent to which the regulatory authority's license is recognized by the market in the financial industry.

  • Risk Management

    Analyze the financial situation of the regulatory authority, including its budget, revenues, expenditures, reserves and balance sheet, as well as its ability to respond to a financial crisis or market volatility.

  • Investment Protection

    Analyze the mechanism and effectiveness of the regulatory authority's response to complaints to know the extent to which it protects investors' rights and interests.

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