Regulatory Alerts2021-02-07
Proposed Addition to Draft Regulation Governing Control in Bank Licensees
The Central Bank of Bahrain (CBB) invites all bank licensees to review and submit comments on a proposed amendment to the Draft Regulation Governing Control in Bank Licensees. The new provision empowers the regulator to impose targeted restrictions when approving control, such as capping ownership stakes in non-listed banks, mandating board restructuring and independent director quotas, limiting related-party transactions, and aligning corporate governance frameworks. Licensees must electronically return their feedback, including nil responses, by 7 February 2020.
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