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.
# Central Bank of Bahrain
## Executive Director - Banking Supervision
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**EDBS/KH/C/38/2014**
**31st July, 2014**
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### The Chief Executive Officer
All Bank Licensees
Manama
Kingdom of Bahrain
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**Dear Sir,**
## New Client Assets Module for Volumes 1 and 2
The CBB is proposing a new Client Assets Module (CL) under the CBB Volume 1 (Conventional Banks) and Volume 2 (Islamic Banks) Rulebook. The proposed module aims at ensuring proper protection of client assets to restrict the commingling of client assets with those of the bank.
The proposed Module CL shall be available on the CBB website ([www.cbb.gov.bh](http://www.cbb.gov.bh)) under the ‘open consultations’ section.
The CBB requests all banks and audit firms to provide their comments, including ‘Nil comments’ on this consultation letter by 11th, September 2014. Please submit your comments electronically to Mr. Ahmed Al Bassam, Director of Licensing & Policy and Mrs. Ebtsam Al Arrayed, Head of Policy at [consultation@cbb.gov.bh](mailto:consultation@cbb.gov.bh).
All material feedback comments on these consultation papers will be published on the CBB website.
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**Yours sincerely,**
*Signature*
**Khalid Hamad**
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**cc: Bahrain Association of Banks**
**All Audit Firms**
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**P.O. Box : 27, Manama - Kingdom of Bahrain**
**Tel: (+973) 17547400 - Fax: (+973) 17532605**
**website: www.cbb.gov.bh**
**E-mail: khalid.havad@cbb.gov.bh**
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