Established in 1995, the Securities Commission of The Bahamas (SCB) is the statutory national authority mandated to oversee the investment capital markets, mutual funds, and the securities and derivatives industries within the jurisdiction. Characterized as a Tier 2 offshore regulator globally, the SCB operates as a prominent global operational hub for international retail brokerages. Although the SCB introduced the Securities Industry (Contracts for Differences) Rules in 2020—pioneering EU-style restrictions within an offshore jurisdiction by mandating retail leverage caps, negative balance protections, and bonus bans—its operational core remains rooted in the offshore ecosystem. Compared to Tier 1 regulators, the SCB lacks a mandatory, government-backed investor compensation fund, and its cross-border enforcement capabilities and retail dispute resolutions remain constrained by the geographic and legal limitations inherent to offshore jurisdictions. Ultimately, it offers a highly structured regulatory framework on paper, representing a mid-tier mainstream option prioritized for offshore flexibility rather than absolute retail protection.