Regulatory Alerts2016-10-06
Added · Updated
Amendments to High-Level Controls Module (Module HC)
The Central Bank of Bahrain proposes amendments to its High-Level Controls Module by adding paragraphs HC-5.4.33A and HC-5.4.33B to Chapter HC-5 on remuneration for approved persons and material risk-takers. The regulatory body requires all licensed banks to review these proposed changes and submit their feedback, including nil responses, electronically. Submissions must be directed to consultation@cbb.gov.bh by 6 October 2016.
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
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