Regulatory Alerts2022-10-11
Proposed Amendments to Resolution No. (3) of 2018 Regarding Escrow Account of Off-Plan Sale Projects
The Central Bank of Bahrain (CBB) has issued a consultation requesting all retail banks to review the Real Estate Regulatory Authority’s draft amendments to Resolution No. (3) of 2018 governing escrow accounts for off-plan property sales. Banks must submit their feedback, including formal "nil comments," in an editable format to the CBB by 11 October 2022. The complete draft resolution is publicly accessible on the CBB website under its Open Consultations section for stakeholder review.
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