Securities Act of 1933
Rule 902(b)

October 20, 2011

Mr. Keith E.N. Davies
Chief Executive Officer
The Bahamas International Securities Exchange
50 Exchange Place, Bay Street
P.O. Box EE-15672
Nassau, Bahamas

Dear Mr. Davies:

This letter will confirm the response of the Division of Corporation Finance to your request that the Division designate The Bahamas International Securities Exchange as a “designated offshore securities market” within the meaning of Rule 902(b) of Regulation S under the Securities Act of 1933. A copy of your letter is enclosed in order to avoid having to recite or summarize the facts set forth therein. On the basis of the facts presented, we hereby so designate The Bahamas International Securities Exchange.

Incoming Letter:

The Incoming Letter is in Acrobat format.

http://www.sec.gov/divisions/corpfin/cf-noaction/2011/bahamasinternational102011.htm