Region

Jurisdiction

Regulator

2023-07-24

Central Bank of Bahrain Consultation on Revised High-Level Controls Module (Module HC)

The Central Bank of Bahrain proposes a revised High-Level Controls Module (Module HC) to replace existing requirements and establish a unified regulatory standard for money changers, financing companies, administrators, trust service providers, microfinance institutions, and ancillary service providers. The updated module will be integrated into Volume 5 of the CBB Rulebook and published on the regulator’s website for public review. Licensees must submit written or nil comments regarding the proposed amendments by 24 July 2023 via email.

Bahrain

Central Bank of Bahrain

Central Bank of Bahrain  
مصرف البحرين المركزي

OG/223 //2023  
26th June 2023

Chief Executive Officer  
Money changer licensees  
Financing company licensees  
Administrators  
Trust service providers  
Microfinance institutions  
Ancillary service providers  
Manama  
Kingdom of Bahrain

Dear Sir/Madam,

**Consultation: High Level Controls Module (Module HC)**

As part of the CBB’s initiatives to further enhance its regulatory framework, the CBB is hereby proposing a revised High-Level Controls Module (Module HC) under the CBB Rulebook – Volume 5. The proposed revised Module HC requirements will replace the existing requirements and will become a common Module applicable to all whom this circular is addressed.

The proposed revised Module HC shall be on the CBB website (www.cbb.gov.bh) under the “Open Consultations” Section.

The CBB requests you to provide your comments, including ‘nil comments’ on the proposed amendments in an editable format to consultation@cbb.gov.bh by 24th July 2023.

Yours faithfully,

Rasheed M. Al Maraj  
Governor

هاتف: +٩٧٣ ١٧٥٤ ٧٥٠٠، فاكس: +٩٧٣ ١٧٥٤ ٧٥٠٥، ص.ب: ٢٧، المنامة، مملكة البحرين  
T +973 1754 7500, +973 1754 7555, F +973 1753 7799, P.O. Box 27, Manama, Kingdom of Bahrain, www.cbb.gov.bh