The Bahamas International Securities Exchange (BISX) yesterday unveiled proposed rule and fee changes for market comment and feedback via a 30-day consultation.
Keith Davies, pictured, BISX’s chief executive, said: “We wanted to post these items for review and consideration by all stakeholders in our market, and give them an opportunity to comment on the proposed rule and fee amendments.
“This type of interaction is invaluable to BISX as it allows us to receive direct communications from interested persons. The aim going forward is to be more aggressive with amending our rules to ensure that we adhere and respond to changing market conditions and keep pace with regulatory best practices.
“It is our intention to use our website to ensure that issuers, brokers, investors and the general public are completely involved in this process. I look forward to the feedback that we will receive from the Bahamian capital markets.”
The proposed rule changes are focused on trading rules, listing rules, issuers continuing obligations, and the BISX Fee Schedule. They can be found on the exchange’s website under the Market Regulation menu item.
The new rules, including any changes based on the market’s feedback, will be provided to the Securities Commission of The Bahamas for review and final approval.
Comments
Use the comment form below to begin a discussion about this content.
Sign in to comment
Or login with:
OpenID