Region

Jurisdiction

Regulator

2023-10-19

Proposed Amendments to the Takeovers, Mergers and Acquisitions Module (Module TMA)

The Central Bank of Bahrain proposes amendments to Section TMA-2.2 of its Takeovers, Mergers and Acquisitions Module to update independent advice and shareholder approval procedures. All CBB licensees, listed companies, and self-regulatory organisations must submit written feedback, including nil comments, in editable format by 19 October 2023. The regulator will publish the final amendments on its website after reviewing stakeholder responses.

Bahrain

Central Bank of Bahrain

Central Bank of Bahrain  
مَصْرِفُ الْبَحْرَيْنِ المَلَكِيّ

OG/331/2023  
28th September 2023

Chief Executive Officer  
All CBB Licensees  
All Listed Companies  
Self-Regulatory Organisation (SROs)  
SRO Members  
Manama  
Kingdom of Bahrain

Dear Sir/ Madam,

**Consultation: Proposed Amendments to Takeovers, Mergers and Acquisitions Module (Module TMA)**

As part of the CBB’s objective to further enhance its regulatory framework, the CBB is hereby proposing some amendments to Section TMA-2.2 “Independent Advice and Shareholder Approval” of the Takeover, Mergers and Acquisitions Module (Module TMA) under CBB Rulebook – Volume 6.

The proposed amendments are attached and 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 amendments in an editable format to consultation@cbb.gov.bh by 19th October 2023.

Yours faithfully,  
Rasheed M. Al-Maraj  
Governor

cc: Law Firms  
Audit Firms  

هاتف: +973 1754 7000، فاكس: +973 1753 7799، ص.ب 27، المنامة، مملكة البحرين  
T +973 1754 7500, +973 1754 7555, F +973 1753 7799, P.O. Box 27, Manama, Kingdom of Bahrain, www.cbb.gov.bh