The Securities Commission of the Bahamas (SCB), formerly the Securities Board of the Bahamas, is an agency responsible for regulating

investment funds An investment fund is a way of investing money alongside other investors in order to benefit from the inherent advantages of working as part of a group such as reducing the risks of the investment by a significant percentage. These advantages inc ...

securities A security is a tradable financial asset. The term commonly refers to any form of financial instrument, but its legal definition varies by jurisdiction. In some countries and languages people commonly use the term "security" to refer to any for ...

, and

capital markets A capital market is a financial market in which long-term debt (over a year) or equity-backed securities are bought and sold, in contrast to a money market where short-term debt is bought and sold. Capital markets channel the wealth of savers to ...

in the

Bahamas The Bahamas (), officially the Commonwealth of The Bahamas, is an island country within the Lucayan Archipelago of the West Indies in the Atlantic Ocean, North Atlantic. It takes up 97% of the Lucayan Archipelago's land area and is home to ...

. Among other responsibilities, it enforces the Financial and Corporate Service Providers Act, the Digital Assets and Registered Exchanges (DARE) Act, and the Carbon Credits Trading Act. Its members are appointed by the

Minister of Finance A finance minister is an executive or cabinet position in charge of one or more of government finances, economic policy and financial regulation. A finance minister's portfolio has a large variety of names around the world, such as "treasury", " ...

. SCB was established in 1995 by the Securities Board Act, but its mandate is now provided for by the 2011 Securities Industry Act. Its offices are at Poinciana House on East

Bay Street Bay Street is a major thoroughfare in Downtown Toronto, Ontario, Canada. It is the centre of Toronto's Financial District and is often used by metonymy to refer to Canada's financial services industry since succeeding Montreal's St. James Stree ...

Nassau Nassau may refer to: Places Bahamas *Nassau, Bahamas, capital city of the Bahamas, on the island of New Providence Canada *Nassau District, renamed Home District, regional division in Upper Canada from 1788 to 1792 *Nassau Street (Winnipeg), ...

. Its executive director is Christina Rolle, who has served in this role since January 26, 2015. She was preceded by Hillary H. Deveaux, who served as interim executive director from September 11, 2013, until 2015. The commission's chairs have included

Timothy Donaldson Timothy Baswell Donaldson CBE (January 2, 1934 – February 26, 2013) was a Bahamian politician, banker, economist, and diplomat. Early life Donaldson was born on January 2, 1934. He earned a Bachelor of Arts from Fisk University, a master's degr ...

and

Tonya Bastian Galanis Tonya may refer to: * Tonya (name), the given name, and people by that name * Tonya, Turkey, a town and district of Trabzon Province in the Black Sea region of Turkey * Tonya, Uganda * Ton'ya (問屋) trade brokers of ancient Japan See also * I, ...

. As of 2015, SCB oversaw more than 1,000 firms. That year, the commission accepted a two-year position as chair of the Caribbean Group of Securities Regulators.

References

External links

* {{official site, https://www.scb.gov.bs/ Financial regulatory authorities The Bahamas Government agencies established in 1995