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Article: The Bahamas Funds Environment.
- Article from:
- Mondaq Business Briefing
- Article date:
- November 18, 2004
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Copyright informationCOPYRIGHT 2004 Mondaq Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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The Bahamas has made significant strides in the investment funds area, particularly in the past few years with the passage of the Investment Funds Act in 2003. The modern Act which established three primary categories of funds - Professional funds, SMART funds and Standard funds allowed for greater efforts to market The Bahamas as a domicile for investment funds and for the growth in this important sector.
With the introduction of the legislation, The Bahamas continued to adopt a licensing regime which is different to the registration system adopted by some jurisdictions. The Bahamas model for licensing is due to the membership by the Securities Commission of The Bahamas ...