Regulatory Alerts2017-02-16
Proposed Netting Law 2017
The Central Bank of Bahrain has issued a consultation notice proposing a new Netting Law to replace Resolution No. 44 of 2014 governing close-out netting under market contracts. The proposed legislation will supersede existing regulatory provisions and is currently available for public review on the regulator’s website. All licensed banks are required to submit their electronic feedback, including nil responses, directly to the designated consultation email by February 16, 2017.
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