The Central Bank of The Bahamas, as preserved and continuing by virtue of section 3 of the Central Bank of The Bahamas Act, 2020 (the “CBBA”), is the statutory body responsible for the licensing, registration, regulation and supervision (collectively “prudential functions”) of banks, banks and trust companies, trust companies co-operative credit unions, non-bank money transmission service providers and their agents and payment service institutions operating in or from within The Bahamas.
In carrying out its prudential functions the Central Bank is bound by the provisions of the CBBA as well as the Banks and Trust Companies Regulation Act, 2020, The Bahamas Co-operative Credit Unions Act, 2015 (inclusive the accompanying Regulations under those Acts), and the Payment Instruments (Oversight) Regulations, 2017 which make provision for cross border information sharing.
Therefore, as part of its commitment to effective cross-border supervision and regulatory cooperation, the Central Bank has entered into Memoranda of Understanding (MOUs) with various international regulatory authorities. These MOUs facilitate the exchange of supervisory information and promote collaboration on issues of mutual regulatory interest. For the avoidance of any doubt, pursuant to section 64(2) of the CBBA, a reference to the Central Bank in any MOU in force immediately before the coming into operation of the CBBA is to be read, deemed and taken to refer to the Central Bank as continued under the CBBA.
For your convenience, key MOUs and related regulatory documents are listed below. The MOUs appear in descending date order and are downloadable by clicking on the appropriate “PDF” icon in the "Files" column.
