The Bahamas Financial Services Board

We are thrilled to announce that Mr. Matthew Williams is the winner of the 2024 Suzanne Black Student of the Year Award! 🏆👏 We would also like to express our gratitude to all the nominees for their exceptional contributions and participation in this esteemed award. Your hard work and dedication truly inspire us all! #SuzanneBlackAward #BFSB #AIBT #CFAL #UB

We are proud to share that our CEO & Executive Director, Mrs. Niekia Horton, delivered the opening remarks at The Nassau Conference Bootcamp. Her inspiring words set the tone for an engaging and insightful conference, focusing on growth and innovation in our industry. #BFSB #AIBT #TheNassauConference #Growth #Innovation

Today, we held the Annual General Meeting of the Bahamas Financial Services Board, marking a significant moment as it was also an election year. We are pleased to announce the appointment of our new Board of Directors and extend a warm welcome to them. We would also like to express our sincere gratitude to our outgoing board members for their dedication and valuable contributions over the years. Their leadership has been instrumental in guiding our organization through a period of growth and change. As we embark on this new chapter, we look forward to continuing our commitment to excellence in the financial services sector. Thank you to everyone who has supported us along the way. #BFSB #AGM #BoardOfDirectors #Bahamas

Yesterday, our CEO & Executive Director, Mrs. Niekia Horton and Chairman, Mrs. LaTonia Symonette-Tinker, CAMS had the honor of attending the grand opening of Pepperstone's new office at 1 Pineapple House, Old Fort Bay. The event was a remarkable gathering, marked by an official ceremony followed by a lively cocktail reception. Congratulations to the Pepperstone team on this exciting new chapter in The Bahamas! 👏🇧🇸

We are excited to announce that Mrs. Niekia Horton, our CEO & Executive Director, will be delivering the opening remarks at The Nassau Conference Bootcamp on September 17, 2024, at the Baha Mar Convention Center. 🔗 For the agenda and registration details, visit: https://lnkd.in/ewQjk-yX #TheNassauConference #AIBT #FinancialServices #BFSB

Public Consultation on Draft Domestic Minimum Top-Up Tax Bill, 2024 The Government of The Bahamas has released the draft Domestic Minimum Top-Up Tax Bill, 2024, for public consultation. This significant legislation proposes the implementation of a Qualified Domestic Minimum Top-Up Tax (QDMTT) on large multinational enterprises (MNEs) with an annual turnover of at least €750 million. This measure aligns with the OECD/G20 Inclusive Framework on Base Erosion and Profit Shifting (BEPS) Pillar 2, ensuring that in-scope MNEs pay a minimum effective tax rate of 15% on profits in every jurisdiction they operate. The Government is seeking public input on the draft legislation by September 16, 2024, to finalize the Bill for submission to Parliament by October 9, 2024. For more information on the draft Domestic Minimum Top-Up Tax Bill, 2024 and Consultation Paper, please visit https://lnkd.in/eEuKG_ac. To submit your feedback, please use the comment box on the website and email your responses to the Financial Secretary at [email protected].

Public Consultation on Draft Domestic Minimum Top-Up Tax Bill, 2024 The Government of The Bahamas has released the draft Domestic Minimum Top-Up Tax Bill, 2024, for public consultation. This significant legislation proposes the implementation of a Qualified Domestic Minimum Top-Up Tax (QDMTT) on large multinational enterprises (MNEs) with an annual turnover of at least €750 million. This measure aligns with the OECD/G20 Inclusive Framework on Base Erosion and Profit Shifting (BEPS) Pillar 2, ensuring that in-scope MNEs pay a minimum effective tax rate of 15% on profits in every jurisdiction they operate. The Government is seeking public input on the draft legislation by September 16, 2024, to finalize the Bill for submission to Parliament by October 9, 2024. For more information on the draft Domestic Minimum Top-Up Tax Bill, 2024 and Consultation Paper, please visit https://lnkd.in/eEuKG_ac. To submit your feedback, please use the comment box on the website and email your responses to the Financial Secretary at [email protected].

The Securities Industry Act 2024 (SIA) has been passed! The new legislation updates and overhauls the regulatory regime of the securities industry. The new legislation: ✔ Modernizes the legal and regulatory framework for securities and the capital markets, ✔ Updates, clarifies, and strengthens the Commission’s enforcement and supervisory authority, ✔ Aligns with international standards and best practices and ✔ Facilitates market development. Read the press release here >>https://lnkd.in/eUNkkx8y

The Digital Assets and Registered Exchanges Act, 2024 has been passed. The new legislation includes: ✔ Wider range of digital asset activities ✔Enhanced exchange requirements ✔Robust custody framework ✔First-of-its-kind staking framework ✔Comprehensive stablecoin framework and ✔Enhanced Investor protection measures Read the press release here >>bit.ly/DAREAct2024

🎓 Enroll Today for Fall Semester 2024 at The Bahamas Institute of Financial Services! 🌴 Classes begin on August 20th, 2024. 🔗 Register Now (click here): https://lnkd.in/edc9bNSE For more information, call 📞 1-242-325-4955/ 325-4921 #Education #FinancialServices #TheBahamas #FallSemester2024 #BIFS