Section 24 of the Banks and Trust Companies Regulation Act, 2000 empowers the Governor of the Central Bank to make regulations for all or any of the following purposes -
(a) to prescribe the information, particulars and references which may be prescribed under section 4(2) and Section 7(3);
(b) to establish fines not exceeding five thousand dollars for failure to comply with any regulation;
(c) generally for carrying out the purposes or provisions of this Act into effect.
Accordingly, the following regulations have been approved by Cabinet:
Banks and Trust Companies (Foreign Currency Position) Regulations, 2005 [S.I. No. 21 of 2005]
Banks and Trust Companies (Acquisition of Shares) Regulations, 2005 [S.I. No. 22 of 2005]
Banks and Trust Companies (Equity Investments) Regulations, 2005 [S.I. No. 23 of 2005]
Banks and Trust Companies (Payment of Dividends) Regulations, 2005 [S.I. No. 24 of 2005]
Banks and Trust Companies (New Appointments) Regulations, 2005 [S.I. No. 62 of 2005]
Banks and Trust Companies (Large Exposures) Regulations, 2006 [S.I. No. 3 of 2006]
Copies of these regulations may be viewed below. Official copies of the regulations should be obtained from the Government's Publications Office.
More Information: https://www.centralbankbahamas.com/policies