Biological Resources and Traditional Knowledge Act, 2021 (No. 4 of 2021). Country/Territory Bahamas Document type Legislation Date 2021 Source FAO, FAOLEX Original source Official Gazette, published on 8 March 2021. Long titleAn Act to provide for the protection and sustainable use of biological resources and traditional knowledge. Subject Wild species & ecosystems Keyword Access and benefit-sharing Authorization/permit Basic legislation Biodiversity Biotechnology Certification Community management Enforcement/compliance Management/conservation Traditional rights/customary rights Equity Ex-situ conservation Genetic resources Indigenous peoples Institution Intellectual property rights/patents International trade Monitoring PIC-prior informed consent Research Special fund Sustainable use Traditional knowledge/indigenous knowledge Marine fishes Marine mammals Wild fauna Wild flora Geographical area Americas, Caribbean, Latin America and the Caribbean, North Atlantic, Small Island Developing States Entry into force notes This Act shall come into force on such date as appointed by the Minister by Notice in the Gazette. Abstract This Act lays down rules for establishing a framework for the fair and equitable sharing of the benefits arising from the utilization of genetic resources and associated traditional knowledge, including by appropriate access to genetic resources and technologies, taking into account all rights over those resources, with the aim of contributing to the conservation of biological diversity and the sustainable use of its components. This Act shall apply to: (I) genetic resources within the scope of Article 15 of the Convention; (II) traditional knowledge associated with genetic resources within the scope of the Convention and to the benefits arising from the utilization of such knowledge; (III) in situ or ex situ access to and use of genetic resources as well as their natural and synthetic derivatives where such access or use occurs in The Bahamas; (IV) biological resources or associated traditional knowledge originating within The Bahamas; (V) genetic resources originating from The Bahamas which are held or were or may hereafter be removed without lawful authority or for taxonomy; and (VI) all persons wishing to study, use, record, collect, document, use for sale, stored in a herbarium, private or institutional collection or catalogue any specimens of flora or fauna, terrestrial or marine or traditional knowledge associated with same. Full text English Website laws.bahamas.gov.bs