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

SECURITIES INDUSTRY [CH.363 – 7
“licence” means a licence granted by the Commission
or a Securities Exchange to a person regulated
under this Act;
“listed company” means a public company whose
securities are listed and quoted on a Securities
Exchange and “listed security” shall bear a like
meaning;
“material change” when used in relation to the affairs
of an issuer, means a change in the ownership,
operations or capital of the issuer that would
reasonably be expected to have a significant
effect on the market price or value of any of the
securities of the issuer and includes a decision to
implement such a change made by the board of
directors or by senior management of the issuer
who believe that confirmation of the decision by
the board of directors is probable;
“Minister” means the Minister of Finance;
“official register” means the register required by
section 28 to be maintained by a Securities
Exchange;
“private company” has the meaning assigned to it by
section 62;
“promoter” means a person who acting alone or in
conjunction with one or more other persons,
procures the formation or establishment of an
entity whose shares or other securities are
offered for sale to the public, or is a party to the
offering of securities by an issuer but does not
include any person only by reason of his acting
in a professional capacity for persons engaged
in procuring the formation of an entity the securities
of which are offered for sale or are sold to
the public;
“prospectus” means prospectus, notice, circular,
advertisement or other communication or
invitation, offering to the public for subscription
or purchase any securities;
“public company” means a company which does not
conform to the definition of a private company
contained in section 62;
[Original Service 2001]
STATUTE LAW OF THE BAHAMAS