Offshore
The Bahamas And Innovation, Adapting Around Investment

This is a mini-series on The Bahamas Financial Services Industry.
The openness of The Bahamas to new ideas, as demonstrated by how
the IFC adapted during the pandemic, and how industry figures
have shaped the sector in recent years, is set out in a
new publication about the jurisdiction.
The
fourth edition of the report, entitled The Bahamas:
A Complete And Compelling Choice, part of a mini-series from
WealthBriefing, was preceded
by this report, along with the
second and
first.
The first of the two signed articles is by Christina Rolle,
executive director of the Securities Commission of The Bahamas,
and the second, is by Dr Tanya McCartney, the CEO and executive
director of The Bahamas Financial Services Board.
The introduction to the fourth report in the series focuses on
The Bahamas’ trust laws. For example, it looks at the Investment
Funds Act, which obliges each fund to appoint an investment fund
manager, except in some very specific circumstances.
The document also shines a light on innovation in the sector,
examining the ICON fund structure, aimed at the Brazilian market,
the regulatory changes that have occurred in the foreign exchange
market and the innovative Smart Funds regime. Additionally, the
jurisdiction is positioning itself as a digital assets hub, aided
by a progressive legislative framework in the form of the Digital
Assets and Registered Exchanges Act.
Another element of the report is an examination of the
public-private partnership that is important to the financial
center’s progress.