Press Release: Registration of Qualified Executive Entities (QEEs) and their Registered Representatives

Published: Wednesday December 31st, 2025

Press Release

Registration of Qualified Executive Entities (QEEs) and their Registered Representatives

Following the public consultation on the revised Application Guidelines for Private Trust Companies, Qualified Executive Entities, and Registered Representatives (the Guidelines), which ended on 15 December, 2025, the Central Bank of The Bahamas (the Central Bank) hereby advises that the Guidelines have now been published in final form on the Central Bank’s website.

Pursuant to the Executive Entities Act, 2011, QEEs are required to be registered with the Central Bank of The Bahamas. Further, QEE’s and their respective Registered Representatives, must submit the requisite fit and proper documents along with the administrative and filing forms noted within the Guidelines to regularize their compliance with the registration requirements.

Moreover, QEEs are required under regulation 10(2) of the Banks and Trust Companies (PTCs, QEEs, and RRs) Regulations, 2025 to have at all times one Special Officer or Special Council Member. Concurrent with this requirement is the obligation that all persons associated with the Executive Entity continuously meet fit and proper requirements in accordance with the Central Bank’s Fit and Proper Guidelines.

Registered Representatives, currently registered with the Central Bank, should continue to submit the Registered Representative Certification to the Central Bank on or before 31 January of each year. In the case of a QEE, submission of this registration should also include a certified copy of the annual registration issued by the Registrar along with the initial certification. Additionally, Registered Representatives must also certify to the Central Bank that the Executive Entity continues to qualify to be exempted from the licensing requirements for trust companies.

Representatives, who are not Central Bank licensees or Registrants, and who currently provide services on behalf of an Executive Entity are required to comply with the application requirements noted in sections 9 and 10 of the Guidelines.

Registered Representatives and Qualified Executive Entities should submit all of the required application and registration documents, on or before 31 January, 2026, to the following:

Authorization and Administration Unit

Bank Supervision Department

Email: [email protected]

31 December, 2025