Securities Industry Act - The Bahamas Laws On-Line - The ...

CH.363 – 10]
SECURITIES INDUSTRY
(c) a company that under the laws of the
jurisdiction to which it is subject purchases
its shares and resells them.
(2) For the purposes of this Act, “security” or
“securities” means any share, stock, debenture, loan stock,
fund, bond, or note issued by any person or body, whether
incorporated or unincorporated, or of any government or
local government authority, or government agency, or
quasi-government agency, or foreign government agency,
or foreign quasi-government agency, or international
governmental organization, and includes, but is not limited
to —
(a) an obligation secured by a mortgage and its
derivatives;
(b) an obligation secured by an asset and its
derivatives;
(c) rights; options, futures, contracts or other
interest (whether described as units or otherwise)
in or in respect of any of the securities hereinbefore
mentioned in this subsection;
(d) certificates of interest or participation in, or
temporary or interim certificates for, receipts for,
or warrants to subscribe to or purchase, any of
the foregoing;
(e) derivatives including options, futures, contracts
or other rights with respect to commodities,
currencies, indices or other tangible or
intangible personal property or rights therein,
but does not include —
(i) any securities of any company which is a private
company and which has not taken steps to
become a public company;
(ii) any interest arising under a partnership agreement
or proposed partnership agreement (other
than an agreement creating a limited partnership),
unless the agreement or proposed agreement
relates to an undertaking, scheme,
enterprise, or investment contract promoted by
or on behalf of a person whose ordinary business
is or includes the promotion of similar undertakings,
schemes, enterprises, or investment
STATUTE LAW OF THE BAHAMAS [Original Service 2001]