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.

Additional Explanation: Supervision of Nominee Activities of Subsidiaries and Related Companies of Banks and Trust Companies [GN: 01-03/08]

Published Friday March 14th, 2008

This Guidance Note further clarifies the Central Bank's policy with respect to the use of international business companies by licensees to provide nominee services. This Guidance Notice specifically addresses section B 1 (b) of Guidance Note (GN: 01-07/07 rev.1[07/07]) on the Supervision of Nominee Activities of Subsidiaries and Related Companies of Banks and Trust Companies issued on 12th July, 2007.

Bank Supervision