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

SECURITIES INDUSTRY [CH.363 – 23
such publications and have no interest either
directly or indirectly in any of the securities upon
which the advice is given and receives no
commission or other consideration for giving the
advice,
where engaging in offering to provide or providing
securities investment advice is only incidental to their
principal business or occupation.
PART IV
REGULATORY AUTHORITY OF THE
COMMISSION
30. (1) In carrying out its responsibilities under this
Act the Commission may make rules providing for such
matters as may be necessary or expedient for giving effect
to such responsibilities.
(2) Without prejudice to the generality of subsection
(1) the Commission may also make rules for —
(a) tender offers, mergers and other issues of
corporate control and acquisition involving any
public company;
(b) the solicitation of proxies by shareholders of
public companies, including but not limited to
their need, form and content.
31. (1) The Commission shall have the authority to
supervise and regulate the securities market and the
operations and duties specifically delegated or otherwise
conferred upon, a Securities Exchange or any other body
registered under this Act.
(2) Without prejudice to the generality of the
foregoing, the Commission shall have the authority to —
(a) review, approve, reverse or vary any rules,
regulations, interpretations, decisions, actions or
orders of a Securities Exchange or any other
body registered under this Act;
(b) establish by rules the educational criteria or
standards, if any, which govern the eligibility of
an individual to engage in any of the activities
regulated by this Act;
Rules.
Authority.
[Original Service 2001]
STATUTE LAW OF THE BAHAMAS