Regulatory Alerts2022-05-11
CBB Consultation on Outsourcing Requirements
The Central Bank of Bahrain proposes revised outsourcing requirements that will replace existing regulations across all volumes of its Rulebook. Licensees must submit their feedback, including nil responses, in an editable format by 11 May 2022. The finalized framework will be published on the CBB website following the consultation period.
Office of the Governor
Central Bank of Bahrain
OG/163/2022
13th April 2022
Chief Executive Officer
All Licensees
Manama
Kingdom of Bahrain
Dear Sir/ Madam,
**Consultation: Outsourcing Requirements**
As part of the Central Bank of Bahrain’s (CBB) initiatives to further enhancing its regulatory framework, the CBB is hereby proposing revised outsourcing requirements across all Volumes of the CBB Rulebook. The proposed requirements will replace the existing outsourcing requirements as applicable.
The proposed requirements will be available 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 requirements in an editable format to consultation@cbb.gov.bh by 11th May 2022.
Yours faithfully,
Rasheed M. Al-Maraj
Governor
cc: Bahrain Association of Banks
External Auditors
ص.ب : ٧٧ ، المنامة - مملكة البحرين
هاتف : ٠٥٤٧٥٠٠ - فاكس: ١٧٥٣٧٩٩
P.O. Box : 27, Manama - Kingdom of Bahrain
Tel: (+973) 17547500 - Fax: (+973) 17537799
website: www.cbb.gov.bh
E-mail: governor@cbb.gov.bh
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