This Act regulates the trading of carbon credits in or from within the Bahamas. The Securities Commission shall regulate and supervise carbon trading and carbon trading businesses and their activities to ensure the orderly development and continuation of carbon trading activities in the Bahamas, and the development and maintenance of investor protection standards with respect to carbon trading.
The Act provides for the registration and regulation of carbon trading businesses; the requirements for carbon trading exchanges, registries and verification bodies; the suspension, revocation or surrender of registration; data protection; conduct and compliance; anti-money laundering; approval of carbon trading products; investigation and cooperation; and offences, penalties and sanctions.
