Regulatory Alerts2011-09-01
Industry Feedback and CBB Recommendations on the High Level Controls Corporate Governance Module
The Central Bank of Bahrain issued this document to consolidate industry feedback and finalize requirements for the High Level Controls Corporate Governance Module. It establishes a harmonized compliance framework for Capital Market Service Providers, clarifies scope exemptions for existing licensees, and elevates the comply or explain principle to a binding rule. The CBB also refines board composition standards, director definitions, and implementation timelines to ensure practical enforcement across diverse market participants.
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