Regulatory Alerts2016-10-06
Amendments to High-Level Controls Module (Module HC)
The Central Bank of Bahrain proposes amendments to its High-Level Controls Module by adding paragraphs HC-5.4.33A and HC-5.4.33B to Chapter HC-5 on remuneration for approved persons and material risk-takers. The regulatory body requires all licensed banks to review these proposed changes and submit their feedback, including nil responses, electronically. Submissions must be directed to consultation@cbb.gov.bh by 6 October 2016.
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