Regulatory Alerts2014-04-17
Proposed Securitisation Law in Bahrain
The Central Bank of Bahrain has issued a consultation notice regarding its draft Securitisation Law, which establishes comprehensive regulatory requirements for securitization transactions and securities issuance activities within the Kingdom. The directive mandates feedback from listed companies, capital market advisory providers, auditors, and law firms to refine the proposed framework before enactment. Stakeholders must submit their formal responses, including nil comments, electronically through the CBB website by April 16, 2014.
# Executive Director of Financial Institutions Supervision
EDFIS/C/002/2014
16<sup>th</sup> March 2014
---
**Chief Executive Officer**
All Listed Companies
All Securities Issuers
All Capital Market Advisory Service Providers
Manama
Kingdom of Bahrain
---
Dear Sir,
**Re: Consultation on the Proposed Securitisation Law in Bahrain**
As part of the Central Bank of Bahrain’s (“CBB”) efforts to further develop the financial sector in the Kingdom of Bahrain, please find enclosed a draft of the proposed Securitisation Law in Bahrain.
The proposed Law contains comprehensive articles with respect to all requirements relating to the securitisation transaction and undertaking activities for issuing securities in or from the Kingdom of Bahrain. The CBB requests all companies to provide their comments on this consultation document, including ‘nil comments’. Industry participants and other parties, such as auditors and law firms, are also encouraged to provide comments on the consultation available on the CBB website ([www.cbb.gov.bh](http://www.cbb.gov.bh)) under the Regulatory Functions/Consultations Section.
Please visit the CBB website and send your comments electronically to Mr. Ahmed Al Bassam, Director of Licensing & Policy and Mrs. Ebtsisam Al Arrayed, Head of Policy & Central Risk at “consultation@cbb.gov.bh”. All comments should be sent to the CBB on a date not later than 16<sup>th</sup> April, 2014.
Yours faithfully
Abdul Rahman Al Baker
---
**Central Bank of Bahrain**
ص.ب: ٢٧، المنامة - مملكة البحرين
هاتف : (+973) 17547312/305 - فاكس: (+973) 17531115
P.O. Box : 27, Manama - Kingdom of Bahrain
Tel: (+973) 17547312/305 - Fax: (+973) 17531115
website: www.cbb.gov.bh
E-mail: albaker@cbb.gov.bh
Share