Notice - Consultation Paper: Proposed Enhancements to the Investment Business Regime (Regulations and Rules) (2021-09-17)

Summary

This is a notice from the Bermuda Monetary Authority announcing a consultation paper on proposed changes to the Investment Business regulatory framework. It continues a 2021 initiative to modernise investment business regulation, this time focusing on two supporting instruments: the Investment Business Regulations 2004 and the Investment Business (Client Money) Regulations 2004.

• Scope of proposals: Draft Investment Business Amendment Regulations 2022 and new Investment Business (Client Money) Rules, intended to update the framework's supporting instruments.
• Action requested: Stakeholders are invited to review the consultation paper and illustrative draft Regulations and Rules, available on the BMA's discussion and consultation papers page.
• Feedback channel: Comments should be submitted by email to policy@bma.bm.

This is a consultation notice only; it does not itself impose binding regulatory requirements but signals upcoming changes to investment business regulations and client money rules that affected firms should monitor.

Key obligations

• Stakeholders wishing to comment must submit feedback to policy@bma.bm no later than close of business on 12 October 2021

Applies to

investment business licensees, persons conducting investment business in Bermuda

Deadlines

• 12 October 2021: Deadline for stakeholders to submit comments on the consultation paper to policy@bma.bm