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

SECURITIES INDUSTRY [CH.363 – 65
(b) “registrant” means a security exchange facility,
broker-dealer, principal, associated person,
stockbroker, dealer, dealer or trader as defined
by the Securities Industry Act.
92. (1) A public company, prior to any meeting of
its shareholders, shall have a notice of the meeting and
proxy sent to each shareholder in the prescribed form and
in accordance with the requirements set out by the
Commission.
(2) A public company shall file copies of any proxy
materials with the Commission prior to any such proxy
materials being sent to its shareholders for any purposes,
within such time limit as may be established by regulations.
(3) The Commission may review any proxy
materials or any other communications to shareholders and
may insist on any modifications and may as a result of its
review extend the period for any mailing or shareholder
meeting as prescribed in the Companies Act.
(4) Where the securities are registered in the names
of broker-dealers or nominees, the public company shall
inquire as to the beneficial ownership of the securities,
furnish sufficient copies of the proxy materials for
distribution to all shareholders and pay any reasonable
expenses of such distribution.
93. The Minister may, after consultation with the
Commission, make regulations for carrying out the
provisions of this Act and without prejudice to the
generality of this provision may make regulations —
(a) for the regulation and operation of securities
exchanges, securities markets and market participants;
(b) for the contents of prospectuses for the purpose
of issuing securities to the public;
(c) for the conduct of securities business and
transactions in or from The Bahamas;
(d) for prescribing fees to be paid in respect of
matters arising under or provided for or
authorized by this Act; and
(e) for any other matter or thing which may be or is
required to be prescribed under this Act.
94. The Commission may publish guidelines of any
regulations or rules made pursuant to this Act, or of any
provisions of this Act.
Ch. 363.
Proxy
solicitation.
Ch. 308.
Regulations.
Guidelines.
38 of 2008, s. 2.
LRO 1/2010
STATUTE LAW OF THE BAHAMAS