2022-02-17
Added · Updated
The Central Bank of Bahrain proposes to rationalize its regulatory framework by consolidating all existing modules in Part A of Volume 7 into a single Collective Investment Undertaking Module alongside an updated Glossary of Terms. This streamlined structure will simplify compliance obligations for banks, investment firms, administrators, and trust service providers while application forms in Part B undergo subsequent amendments. Stakeholders are invited to submit written comments on the proposed regulations by 17 February 2022.
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OG/27/2022
17th January 2022
All Banks
All Investment Firms
All Administrators
All Trust Service Providers
Law Firms
External Auditors
Manama
Kingdom of Bahrain
Dear Sir/ Madam,
As part of the CBB’s objectives to enhance its regulatory framework, the CBB is hereby proposing to rationalize and simplify the CIU regulations in Volume 7 of the CBB Rulebook. In this respect, a single Module CIU (attached) will replace all the Modules included in Part A of the CBB Rulebook Volume 7. The revised proposed Glossary of Terms is also attached.
The application forms and other documentation in Part B of the CBB Rulebook Volume 7 will be amended in due course.
The proposed requirements will be available on the CBB website (www.cbb.gov.bh) under the “open consultations” section.
The CBB requests you to provide your comments on the proposed Module CIU and the Glossary of Terms, including ‘nil comments’, in an editable format to consultation@cbb.gov.bh by 17th February 2022.
Yours faithfully,
Rasheed M. Al-Maraj
Governor
Cc: Bahrain Association of Banks
Central Bank of Bahrain
ص.ب : ٢٧، المنامة - مملكة البحرين
هاتف: (+973) 1756500 - فاكس: (+973) 17537799
P.O. Box : 27, Manama - Kingdom of Bahrain
Tel: (+973) 17547500 - Fax: (+973) 17537799 website: www.cbb.gov.bh E-mail: governor@cbb.gov.bh
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Source: Central Bank of Bahrain — original document · Summary generated with machine assistance and reviewed before publication; the authoritative text is the regulator's original document. How RegAlert works
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