The Tribune

The Bahamas Financial Services Board (BFSB) recently led members of its Investment Condominium (ICON) Working Group in co-ordinating the third in a series of training programmes for the Registrar General’s Department.

The session focused on on establishing and registering the latest vehicle in the industry’s arsenal of financial services products – the Investment Condominium (ICON).

The training exercise covered ICON establishment, conversions, Certificates of Good Standing and dissolutions, and the industry-drafted templates for related certificates.

Higgs & Johnson hosted the event at its corporate headquarters at Ocean Place, East Bay Street, with partner Christel Sands-Feaste participating as one of the trainers.

She was joined by Linda Beidler-D’Aguilar of Graham Thompson & Co, and Aliya Allen, BFSB’s chief executive. Joining the team of Companies Department personnel were acting Registrar General Deirdre Clarke-Maycock; assistant registrar Dellereese Grant; and Donna Lightbourne, department supervisor.

The Bahamas investment condominium (ICON), an alternative structure for investment funds, continues the financial services sector’s commitment to “bringing to market” client responsive legislation.

Ms Allen said: “It also ensures that the Bahamas is seen as innovative in the funds space and that it remains competitive.”