Mechelle Martinborough is Senior Legal Counsel and Secretary to the Securities Commission of The Bahamas. Ms. Martinborough earned a LLB from the University of Essex and a LLM at King’s College at the University of London. She was called to the Bar of England & Wales and to The Bahamas Bar in 1988. She joined the Commission early in her legal career having prosecuted in the Office of The Attorney General for five years and practiced four years of civil litigation. Ms. Martinborough began her career in securities regulation when she was first employed at the Commission in April 1998 as Manager of Compliance. Since joining the Commission she was instrumental in the development of the –
- Investment Funds Act and Regulations, 2003
- Investment Funds (SMART Funds) Rules, 2003
- Securities Industries Act, 2011
- Securities Industry Regulations, 2012
- The Investment Condominium Act, 2015
Ms. Martinborough is currently in the process of overseeing legislative overhauls to the Investment Funds Act, 2003, the Financial and Corporate Services Providers Act, 2000 as well as a series of proposed amendments to the Securities Industry Act, 2011. This work also included reviews and amendments to attending subsidiary legislation. In addition to work on the legislative side, Ms. Martinborough has also represented the Commission on various international and national committees and at meetings, including IOSCO, IARC/COSRA, FATF, CGSR, Offshore Group of Collective Investment Schemes Supervisors (OGCISS), OECD, Caribbean Financial Action Task Force(CFATF), and National Risk Assessment (NRA).