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Securities Commission of the Bahamas

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Securities Commission of the Bahamas
Agency overview
Formed1995; 29 years ago (1995)
Preceding agency
  • Securities Board of the Bahamas
HeadquartersNassau, Bahamas
Employees88 (2022)[1]
Agency executives
  • Neville Adderley, Chairman
  • Christina Rolle, Executive Director
Parent agencyMinistry of Finance (The Bahamas)
Websitewww.scb.gov.bs

The Securities Commission of the Bahamas (SCB), formerly the Securities Board of the Bahamas, is an agency responsible for financial regulation of investment funds, securities, and capital markets in the Bahamas.[2][3] Among other responsibilities, it enforces the Financial and Corporate Service Providers Act, the Digital Assets and Registered Exchanges (DARE) Act, and the Carbon Credits Trading Act.[3] Its members are appointed by the Minister of Finance.[4]

As of 2015, SCB oversaw more than 1,000 firms.[5] That year, the commission accepted a two-year position as chair of the Caribbean Group of Securities Regulators.[5]

History

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SCB was established in 1995 by the Securities Board Act,[3][6] but its mandate is now provided for by the 2011 Securities Industry Act.[6] Its offices are at Poinciana House on East Bay Street, Nassau.[4]

Leadership

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Its executive director is Christina Rolle, who has served in this role since January 26, 2015.[3][7][5][6] She was preceded by Hillary H. Deveaux, who served as interim executive director from September 11, 2013, until 2015.[6][8]

The commission's chairs have included Timothy Donaldson[9] and Tonya Bastian Galanis.[6]

See also

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References

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  1. ^ "About Us - General Information". Securities Commission of the Bahamas. December 31, 2022.
  2. ^ "New Permanent Representative of Bahamas Presents Credentials | UN Press". press.un.org. Retrieved 17 November 2022.
  3. ^ a b c d "Securities Commission Announces Inaugural Fintech Festival – D3 Bahamas". www.businesswire.com. 20 October 2022. Retrieved 17 November 2022.
  4. ^ a b "Securities Commission announces appointment of new board". Eye Witness News. 1 September 2022. Retrieved 17 November 2022.
  5. ^ a b c "Securities Commission of The Bahamas Celebrates 20 Years". www.thebahamasweekly.com. Retrieved 17 November 2022.
  6. ^ a b c d e "Securities Commission of The Bahamas announces new executive team". www.bahamaslocal.com. Retrieved 17 November 2022.
  7. ^ Robards, Chester (16 August 2022). "Securities Commission learning important lessons from 'crypto winter' - The Nassau Guardian". thenassauguardian.com. Retrieved 17 November 2022.
  8. ^ "Securities Commission of The Bahamas announces new executive team". The Nassau Guardian. Archived from the original on 2015-07-03.
  9. ^ "79-y-o Bahamian patriot passes on". jamaica-gleaner.com. 6 March 2013. Retrieved 17 November 2022.
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