The Securities Commission of the Bahamas has approved the licensing and registration of Alliance Investment Management Ltd. under the Securities Industries Act, 1999 and Securities Industry Regulations 2000.
The Securities Commission of the Bahamas ("the Commission") is a quasi - governmental agency, which exercises statutory powers under the Securities Legislation (the Securities Industry Act, 1999; Securities Industry Regulations, 2000; the Mutual Funds Act and the Mutual Funds, Regulations 1995).
The Securities Industry Act, 1999, provides the Commission with specific powers to regulate The Bahamas Securities Industry. Issuers making offering to the public of shares, bonds and most other financial instruments are required to file a prospectus with the Commission. Additionally, all industry participants, including the Bahamas International Securities Exchange (BISX), brokers, broker-dealers and securities investment advisors, operating in or from the Bahamas are required to register with or be licensed by the Commission.
Equally, the Investment Funds Act and Regulations, empowers the Commission
to regulate mutual funds and to license mutual funds administrators that
operate within or from The Bahamas.