Your web browser is out of date. Update your browser for more security, speed and the best experience on the Bermuda Monetary Authority.
Statement of Principles & Code of Practice

In accordance with sections 6 and 7 of the Act, the Authority has published a Statement of Principles and Code of Practice.

The Statement of Principles provides guidance on the Authority’s approach in interpreting the minimum criteria for licensing and grounds for revocation; in exercising its power to grant, revoke or restrict a licence; in exercising its power to obtain information, reports and to require production of documents; and in exercising other enforcement powers.

The Code of Practice provides guidance as to the duties, requirements, procedures and standards, to be complied with, and the sound principles to be observed by persons carrying on corporate service provider business. The Code should be read in conjunction with the Statement of Principles issued under section 6 of the Act.

  • Operational Cyber Risk Management Code - Trusts, CSP, MSB, Investment Business, Fund Administration Providers - 03/15/2022
  • Stakeholder Letter - Operational Cyber Risk Management Code of Conduct - 03/14/2022
  • CSP Information for Prospective Applicants - 03/23/2020
  • CSP Exemption Notification - 12/31/2019
  • CSP Code of Practice - 12/18/2019
  • CSP Statement of Principles - 12/18/2019
  • Further Guidance-CSP Gatekeeper Role - 06/14/2017
  • CSP Corporate Governance Policy - 06/10/2016
feedback icon