Amendments to High-Level Controls Module (Module HC)

المركز التنفيذي للرقابة المصرفية
Executive Director - Banking Supervision

EDBS/KH/C/40/2016
25th September 2016

مصرف البحرين المركزي
Central Bank of Bahrain

Chief Executive Officer
All Banks
Manama
Kingdom of Bahrain

Dear Sir,

Consultation: Proposed Amendments to High-Level Controls Module (Module HC)

As part of the CBB’s objective in enhancing its regulatory framework, the CBB is proposing some amendments to the High-Level Controls Module (Module HC), Chapter HC-5 “Remuneration of Approved Persons and Material Risk-Takers”, by adding two new paragraphs, specifically HC-5.4.33A and HC-5.4.33B.

The proposed amendments to Module HC shall be available on the CBB website (www.cbb.gov.bh) under the “open consultations” section.

The CBB requests all banks to provide their comments, including ‘nil comments’ on these proposed amendments.

Responses must be sent electronically to “consultation@cbb.gov.bh”, by 6th October 2016.

Yours faithfully

Khalid Hamad

ص.ب: ٢٧، المنامة - مملكة البحرين
هاتف: (+973) 17547400 - فاكس: (+973) 17532605 P.O. Box : 27, Manama - Kingdom of Bahrain Tel: (+973) 17547400 - Fax: (+973) 17532605 website: www.cbb.gov.bh E-mail: khalid.hamac@cbb.gov.bh