Regulatory Alerts2015-06-30
Proposed Amendments to the Operational Risk Management Module (OM) for Financing Companies
The Central Bank of Bahrain proposes amendments to the Operational Risk Management Module (OM) of its Rulebook Volume 5 to establish specific outsourcing rules for services containing customer information. All licensed financing companies must submit their feedback, including nil comments, on these proposed changes by June 30, 2015. Licensees are also required to complete and return the attached table detailing their current outsourced services containing customer data as of April 30, 2015.
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