Regulatory Alerts2016-05-11
Draft Law for the Enactment of the Real Estate Regulation
The Central Bank of Bahrain has issued a consultation paper proposing a new real estate development law to replace Law No. 28 of 2014. All retail banks must electronically submit their formal comments, including nil responses, by 11 May 2016. The complete draft legislation will be made publicly accessible on the regulator’s website immediately following this circular.
# المدير التنفيذي للرقابة المصرفية
Executive Director - Banking Supervision
**مصرف البحرين المركزي**
Central Bank of Bahrain
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EDBS/KH/C/14/2016
11<sup>th</sup> April 2016
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**Chief Executive Officer**
All Retail Banks
Manama
Kingdom of Bahrain
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Dear Sir,
## Consultation Paper: Draft Law for the Enactment of the Real Estate Regulation
The Central Bank of Bahrain ('the CBB') is issuing to all retail banks for their comments a draft real estate development law replacing law No. 28 of 2014.
The draft law shall be available on the CBB website ([www.cbb.gov.bh](http://www.cbb.gov.bh)) in the consultations section after the issuance of this circular.
The CBB requests all retail banks to provide their comments, including ‘Nil comments’ on this consultation letter by **11<sup>th</sup> May, 2016**. Please submit your comments electronically to Mr. Ahmed Al Bassam, Director of Licensing & Policy and Mrs. Ebtisam Al Arrayed, Head of Policy & Central Risk at **consultation@cbb.gov.bh**.
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Yours sincerely,
Khalid Hamad
*(Signature)*
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ص.ب: ٢٧، المنامة - مملكة البحرين
هاتف : (+973) 17065400 - فاكس: (+973) 17502210
P.O. Box : 27, Manama - Kingdom of Bahrain
Tel: (+973) 17547400 - Fax: (+973) 17532605
website: www.cbb.gov.bh
E-mail: khalid.hamad@cbb.gov.bh
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