Regulatory Alerts2022-02-28
Central Bank of Bahrain Trust Law Consultation
The Central Bank of Bahrain issued this consultation to assess the operational effectiveness and practical application of Decree Law 23 of 2016 governing trusts after five years in force. Financial institutions, trust service providers, and legal firms must submit actionable feedback regarding implementation shortcomings and proposed amendments by 28 February 2022. The regulator will analyze these submissions to decide whether formal legislative amendments to the trust framework are required.
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