Regulatory Alerts2020-10-14
Proposed Amendments to Module AU – Volume 4
The Central Bank of Bahrain proposes amendments to Module AU Volume 4 to clarify the regulatory framework for investment firms arranging and advising on credit facilities. The revisions permit Category 1, 2, and 3 firms to handle loans unconnected to financial instruments or provided by foreign licensed credit providers, subject to prior written approval and demonstrated officer competence. New provisions explicitly define accredited and expert investors as eligible borrowers while prohibiting dealings with retail clients, thereby streamlining credit advisory services under the CBB Rulebook.
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