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

SECURITIES INDUSTRY [CH.363 – 21
28. (1) A Securities Exchange shall maintain a
register (to be known as “the Official Register”) which shall
contain —
(a) the names of current and former broker-dealers,
traders, facilities and associated persons;
(b) information which the broker-dealers, traders,
facilities and associated persons are required to
furnish to the Commission or to a Securities
Exchange;
(c) disciplinary records of each broker-dealer; trader,
facility and associated person; and
(d) any other information which the Commission or
the appropriate Securities Exchange may require.
(2) Each broker-dealer, trader, facility or associated
person shall keep current all the information required in the
Official Register and any changes shall be made by
notifying the appropriate Securities Exchange in writing.
(3) The Commission may authorize the public
disclosure and publication of any or all of the information
contained in the Official Register.
29. (1) No individual shall engage in any of the
following activities in The Bahamas unless he is registered
as a stock-broker, dealer or trader by the Commission and
employed by a broker-dealer —
(a) offering to provide or providing securities
investment advice to the public including institutions
for a fee or other reward;
(b) underwriting of securities offerings;
(c) trading in securities;
(d) dealing in securities;
(e) supervising any of the aforementioned activities:
Provided that the provisions of this subsection shall
not apply to individuals who are trading in securities for
his, her or their own account or for the account of his or
her spouse and children (or his or her spouse or children)
under eighteen years of age.
(2) Any person, other than one mentioned in
subsection (1) or performing clerical or non securities
related functions, and employed by a broker-dealer or a
facility, must be registered by the Commission as an
associated person.
Official Register.
Stock-broker,
etc., registration
and associated
person approval.
[Original Service 2001]
STATUTE LAW OF THE BAHAMAS