Bank Supervision

Policies & Guidance Notes

Pursuant to The Banks and Trust Companies Regulation Act, 2000, and the Central Bank of The Bahamas Act, 2000, the Central Bank is responsible for the licensing, regulation and supervision of banks and trust companies operating in and from within The Bahamas. As such, all licensees are expected to adhere to the Central Bank's licensing and prudential requirements and ongoing supervisory programmes, including periodic onsite inspections, and required regulatory reporting.

From time to time, the Central Bank will issue policies to provide further clarity and guidance to licensees with regards to industry best practices. For your convenience, these policies are listed below in reverse chronological order.

Supervision of Nominee Activities of Subsidiaries and Related Companies of Banks and Trust Companies (Revised) : (GN:1 - 06/07 rev. [07/07])

Published Tuesday June 12th, 2007

This Guidance Note replaces the Central Bank’s Regulatory Policy Statement on Nominee Trust Company Licence (RPS 04-01), issued 15th November 2000, and is intended to: a) clarify, update and formalize existing Central Bank practice related to licensee’s nominee activities and b) support the Central Bank’s effort to provide effective consolidated supervision of banks and trust companies in The Bahamas.

Bank Supervision