The Securities Commission of the Bahamas has announced its approval of an increase in the fee for a Domestic Primary Equity Listing on the Bahamas International Securities Exchange (BISX) from $2,500 to $5,000.
The Commission’s approval of the increase came in response to a request from the BISX, subsequent to a resolution by the Board of Directors of the BISX.
According to the Commission, the companies listed on the exchange expressed “overwhelming support” for the fee increase, which had remained unchanged at $2,500 since May 2000, with only two of the 19 listed firms objecting to the proposal.
Before arriving at its decision, the Commission also revealed that it considered the listing fees applied by various regional exchanges, notably Barbados, Jamaica and Trinidad and Tobago, and concluded that the increase would not adversely impact the competitive position of the Bahamas.
A comprehensive report in our Intelligence Report series examining offshore investment, offshore stock exchanges, and hedge funds is available in the Lowtax Library at http://www.lowtaxlibrary.com/asp/subs_reports.asp and a description of the report can be seen at http://www.lowtaxlibrary.com/asp/description_report9.asp
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