Carbon Credits Trading Act No. 36 of 2022.

This Act establishes a regulatory framework for the trading of carbon credits in or from the Bahamas. This Act shall apply to any person who participates in the promotion, marketing, arranging, purchase or sale of carbon trading products; and to any legal entity carrying on a carbon trading business irrespective of the physical location from which the activity is carried out. This Act lays down provisions for (I) the creation of a regulatory framework for the conduct of carbon credit business, including carbon trading exchanges, carbon credit verification bodies and carbon trading registries, (II) defining the requirements for the Commission's approval of the listing of carbon trading products on carbon trading exchanges, (III) defining the registration requirements for persons wishing to engage in carbon trading activities or operate, (IV) defining mandatory requirements for registrants to maintain adequate financial resources and solvency, (V) defining requirements for registrants to implement and maintain registration and data protection measures, (VI) defining requirements for registrants to comply with anti-money laundering and countering the financing of terrorism prevention measures and standards, and (VII) establishing offenses, penalties, and sanctions for non-compliance with the Act.