Regulatory Alerts2021-06-08
Proposed Amendments to Module MIE
The Capital Markets Authority of Bahrain (CBB) has finalized proposed amendments to Module MIE following industry consultation, requiring licensees and listed companies to disclose all financial penalties in their annual reports regardless of category. The updated framework implements a risk-based scaling system for fines up to the statutory BD 100,000 cap and clarifies that major enforcement actions remain public while permitting the CBB to apply multiple remedial measures concurrently. Internal penalty determinations will continue to evaluate violation impact, nature, and deliberateness under a strict proportionality principle, ensuring transparent and legally grounded regulatory responses.
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