Regulatory Alerts2020-02-03
Proposed Amendments to Regulation No. (1) of 2007
The Central Bank of Bahrain (CBB) proposes amending Regulation No. (1) of 2007 to formally recognize “providing electronic transferable instruments” as a regulated service, aligning regulatory frameworks with the upcoming e-Cheque Project launch on 8 April 2020. Licensees are required to submit their feedback, including nil comments, electronically in an editable format by 3 February 2020. The amended regulation will be published on the CBB website and takes effect the day following its official gazette publication.
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