Region

Jurisdiction

Regulator

2016-10-06

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.

Bahrain

Central Bank of Bahrain

المركز التنفيذي للرقابة المصرفية  
Executive Director - Banking Supervision  

EDBS/KH/C/40/2016  
25th September 2016  

مصرف البحرين المركزي  
Central Bank of Bahrain  

Chief Executive Officer  
All Banks  
Manama  
Kingdom of Bahrain  

Dear Sir,  

**Consultation: Proposed Amendments to High-Level Controls Module (Module HC)**

As part of the CBB’s objective in enhancing its regulatory framework, the CBB is proposing some amendments to the High-Level Controls Module (Module HC), Chapter HC-5 “Remuneration of Approved Persons and Material Risk-Takers”, by adding two new paragraphs, specifically HC-5.4.33A and HC-5.4.33B.

The proposed amendments to Module HC shall be available on the CBB website (www.cbb.gov.bh) under the “open consultations” section.

The CBB requests all banks to provide their comments, including ‘nil comments’ on these proposed amendments.

Responses must be sent electronically to “consultation@cbb.gov.bh”, by 6th October 2016.

Yours faithfully  

Khalid Hamad  

ص.ب: ٢٧، المنامة - مملكة البحرين  
هاتف: (+973) 17547400 - فاكس: (+973) 17532605  
P.O. Box : 27, Manama - Kingdom of Bahrain  
Tel: (+973) 17547400 - Fax: (+973) 17532605  
website: www.cbb.gov.bh  
E-mail: khalid.hamac@cbb.gov.bh