Regulatory Alerts2014-09-11
New Client Assets Module (CL) for Volumes 1 and 2
The Central Bank of Bahrain has proposed a new Client Assets Module to its conventional and Islamic bank rulebooks to prevent the commingling of client funds with institutional assets. The module mandates strict segregation and protection measures for client assets across all licensed banking entities. Banks and audit firms must submit their written feedback, including nil responses, electronically to designated policy directors by September 11, 2014.
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