Update BRP Country Manual Products
Bahamas
| SOURCE OF CHANGES | ANSWERS |
|---|---|
| Law/Regulation | No |
| New Position of the Authorities | No |
| Evolution of Expert’s interpretation | Yes |
Definitions & Concepts, Regulatory Overview and Behaviour Template
The Country Manual (CM) has been reviewed to ensure that the content of all the documents remain accurate and up to date.
Material changes
In alignment with the Country Manual Private Banking (CM PB), the active provision of Macroeconomic information/reports and Investment research and Financial Analysis documents/reports as well as other publications and other marketing material referring to specific financial products made on a generic basis or based on the specific investment profile of one recipient are only permitted on an occasional and on a one-to-one basis onshore in the Bahamas (at target). The CM P BT therefore now provides the answer “Grey zone/YES” in the relevant onshore scenarios.
With regard to execution-only services, in line with the CM PB, it is highlighted that the provision of such services onshore (at target) by foreign (unlicensed) service providers is only permitted if the orders are executed offshore.
Non-material changes
Some comments and content have been slightly reworded in the CM, without introducing substantive changes to reflect the regulatory situation/current interpretation of the regulatory framework more accurately.
For more information, please contact us: info@brpsa.com
Geneva, April 29th, 2025