Regulatory Alerts2024-08-27
Proposed Amendments to Resolutions on Professional Associations Subject to the Central Bank of Bahrain and Financial Institutions Law
The Central Bank of Bahrain (CBB) issued a consultation on proposed amendments to Resolutions No. 27 and 28 of 2008, which govern the composition of professional associations' boards of directors and chairpersons. Regulated financial entities must submit their feedback or nil comments in editable format to consultation@cbb.gov.bh by 27 August 2024. The draft resolutions, available on the CBB website, will standardize governance structures and streamline regulatory oversight for these professional bodies.
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