Regulatory Alerts2021-04-22
Revised Draft Secured Transactions Law
The Central Bank of Bahrain has issued a revised draft Secured Transactions Law for public consultation following its initial 2020 proposal. All licensees, audit firms, and law firms must submit their written feedback, including nil responses, electronically in an editable format by 22 April 2021. The regulator will review these submissions to finalize the legislative framework governing collateral and security interests across Bahrain.
# Executive Director - Banking Supervision
EDBS/KH/C/11/2021
25th March 2021
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## Chief Executive Officers
All Licensees
All Audit Firms
All Law Firms
Manama
Kingdom of Bahrain
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Dear Sir/Madam,
### Consultation Paper: Revised Draft Secured Transactions Law
Further to circular EDBS/KH/C/31/2020 with regards to the consultation on the Draft Secured Transactions Law, CBB has received from the Ministry of Justice, Islamic Affairs and Awqaf a revised draft of the Secured Transactions Law in the Kingdom of Bahrain.
CBB is issuing this revised proposed draft for consultation and shall be available on the CBB website ([www.cbb.gov.bh](http://www.cbb.gov.bh)) under the “open consultations” section.
CBB requests all licensees, Audit firms and Law firms to provide their comments, including ‘nil comments’ on the proposed Law.
Responses must be sent electronically, in an **editable format**, to [consultation@cbb.gov.bh](mailto:consultation@cbb.gov.bh) by **22nd April 2021**.
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Yours faithfully,
Khalid Hamad Al-Hamad
cc: Bahrain Association of Banks
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**Central Bank of Bahrain**
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.hamad@cbb.gov.bh
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