Regulatory Alerts2022-11-06
Proposed Amendments to the Law of Commerce issued pursuant to Decree Law No. (7) of 1987
The Central Bank of Bahrain (CBB) requests all retail banks to review proposed amendments to the Law of Commerce submitted by the Ministry of Legal Affairs. Institutions must assess the draft changes from technical and legal perspectives, then submit their feedback—including nil responses—in an editable format to the CBB by 6 November 2022. The complete draft amendments are publicly accessible on the CBB website for broader stakeholder consultation.
مكتبَنْتِبَالْجُمْهُورِيَّةِ
Office of the Governor
OG/367/2022
23rd October 2022
Chief Executive Officer
All Retail Banks
Manama
Kingdom of Bahrain
Dear Sir/Madam,
**Consultation on Proposed Amendments to the Law of Commerce issued pursuant to Decree Law No. (7) of 1987**
With reference to the Law of Commerce issued pursuant to Decree Law No. (7) of 1987, the Central Bank of Bahrain (CBB) has received proposed amendments to it (please see copy attached) from the Ministry of Legal Affairs.
The CBB requests all retail banks to review the attached proposed amendments, from a technical/operational and from a legal perspective, and provide the CBB with their comments including “nil comments” in an editable format to consultation@cbb.gov.bh by 6th November, 2022.
The draft amendments are also available on the CBB website (www.cbb.gov.bh) under “Open Consultations” Section.
Yours faithfully,
Rasheed M. Al-Maraj
Governor
cc: Bahrain Association of Banks
External Audit Firms
Law Firms
مُعَرِّفُ الْبَحْرَيْنِ المركزي
Central Bank of Bahrain
ص.ب: ٢٧، الشّمَامَة - مملكة البحرين
هاتف: (+٩٧٣) ١٧٥٤٧٥٠٠ - فاكس: (+٩٧٣) ١٧٥٣٧٧٩٩
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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