Market Notice - Changes to Bahamas Registered Stock Administration
Published: Tuesday September 8th, 2020
Market Notice
Changes to Bahamas Registered Stock Administration
Prospective and existing investors should note the following changes to the administrative processes for Bahamas Registered Stock (bond) activities:
- Investors will no longer receive physical certificates following Initial Public Offerings. Transaction confirmations showing the amount purchased, the certificate number, and other details, will be sent to each participant’s email address of record within 3 – 5 business days following the settlement date.
- Surrendering physical certificates is no longer required for transactions such as bond transfers and early redemptions. Requests can be made by completing the appropriate form available online at www.centralbankbahamas.com/brs-forms and returning it by email to [email protected].
- Principal payments are now automatically paid to the investor’s bank account of record. There is no longer a need to deliver physical certificates to the Central Bank or send in images by email.
- To maintain the health safety of our employees required to work from the Central Bank’s physical location, members of the public are, generally, not permitted to enter the building. Instructions on completing application forms and making payments can be found online at https://www.centralbankbahamas.com/news/bahamas-registered-stock-ipo-s.
For assistance, please contact us at
[email protected]
Tel. (242) 302-2620 (Main) or (242) 359-2121 (Mobile) or (242) 357-4881 (WhatsApp Text Only) To escalate customer service issues, please contact [email protected].
