Regulatory Alerts2026-03-05
Proposed Payment Service Requirements Module
The Central Bank of Bahrain proposes the Payment Services Requirements Module, establishing a unified regulatory framework for payment service providers, money changers, account and payment initiation service providers, and crypto-asset licensees. The new rules align with the European Union’s PSD2 and PSD3 directives, updating governance, security, operational standards, and capital requirements while introducing risk-based capital calculations, strong customer authentication, open banking services, and specific wallet limits for digital token payments. Existing licensees must comply with these enhanced controls, transparency measures, fraud prevention mechanisms, and liability rules, with regulatory feedback requested by 5 March 2026.
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